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Statement by EU Sanctions Envoy, David O’Sullivan on the eighth Sanctions Coordinators Forum

The Forum’s discussions centered on priority areas to keep sustained pressure on the Kremlin’s war effort as sanctions circumvention, safeguarding the international banking sector, and crypto‑lead evasion schemes.

05 Nov 2026EU

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Commissioner Albuquerque Announces EU Crypto Sanctions Task Force After Tenth High-Level Sanctions Meeting

Commissioner Maria Luís Albuquerque chaired the tenth meeting of the High-Level Expert Group on Union Restrictive Measures on 5 November 2026, bringing together Member State representatives, the Commission and the EEAS. Discussions focused on emerging financial threats including crypto assets, OLAF's role in investigating sanctions circumvention, and Member States' enforcement efforts. The Commissioner announced the launch of an EU Crypto Sanctions Task Force to strengthen detection and tackling of circumvention via crypto assets.

06 Nov 2026

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ECB, Commission and ESMA open nominations for EU Tokenisation Standards Group

The ECB, the European Commission and ESMA have launched a call for expressions of interest for the European Tokenisation Standards Group (ETSG), a market-driven body tasked with developing common standards for an interconnected tokenised financial ecosystem. The group will also design a framework for monitoring compliance with those standards and may recommend ways for EU authorities to incentivise adherence. Applications from industry stakeholders are open until 27 November 2026.

09 Nov 2026

InfoNEWS

EU High-Level Group meets on sanctions implementation and circumvention

The European Commission hosted the High-Level Group on Union Restrictive Measures on 5 November 2026, bringing together Member States and EU institutions to address loopholes and support uniform enforcement. Discussions covered emerging circumvention threats, including crypto assets, and OLAF's work, while the Sanctions Coordinators Forum convened international partners on third-country payment networks, Russia's military-industrial complex, energy exports and the shadow fleet. No new legal requirements were announced.

05 Nov 2026