EU sanctions Russian crypto exchange Garantex - ICIJ

The Council of the European Union added Russian cryptocurrency exchange Garantex to their latest sanctions package.

The sanctions come nearly a year after an investigation by Eesti Ekspress and the International Consortium of Investigative Journalists found that a firm with multiple connections to the company co-owns a debt-collection business with a convicted gang leader and has ties to Rosneft , the Kremlin -tied oil firm.

The U.S. already sanctioned the company in April 2022 .