Reports of suspected violations or circumventions of EU sanctions against Russia rose tenfold in Estonia and 23-fold in Latvia from 2021 to last year, cementing their status as the frontline of the West's economic and financial embargo against neighboring Russia.
Estonian and Lithuanian officials said at an industry conference in Tallinn, Estonia, on Wednesday that their crackdowns on cryptocurrency have reduced their nations' exposure to criminal proceeds, and separately flagged schemes by Russia to evade Western sanctions.
print