The EU is preparing the 21st package of sanctions against Russia: 90 banks and crypto platforms could fall under restrictions.

The European Union intends to present the 21st package of sanctions against Russia on June 10. The new measures will target Russia's banking sector and cryptocurrency infrastructure.

Up to 90 banks could be added to the sanctions list. The total number of Russian banks under EU sanctions will exceed 100, affecting more than half of the country's credit institutions with international connections.

For banks subject to sanctions, asset freezes, transaction bans, and other restrictions will come into effect.

In addition, the European Commission will propose banning all transactions involving 35 Russian banks, as well as about a dozen crypto platforms that, according to the EU, help circumvent Western sanctions—including through third countries.