Is your Binance account blocked? Learn about Binance's Block on Accounts of Russians with Government Ties. Leading crypto exchange, Binance, has blocked the accounts of several Russians with ties to the Vladimir Putin-led government. The move follows growing international pressure and sanctions related to the conflict in Ukraine. Binance has suspended several accounts associated with relatives of high-ranking members of Russian President Vladimir Putin’s cabinet.

In a move welcomed by Ukraine, the crypto exchange has closed accounts linked to relatives of several Russian officials. This action aligns with escalating sanctions against Russia. Following the EU’s fifth package of restrictive measures against Russia, Binance is required to limit services for Russian nationals or natural persons residing in. Specifically, Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of others not directly sanctioned.

Bloomberg reports that Binance has shut down several accounts tied to relatives of senior Kremlin officials over the past two months since Russia began military action in Ukraine. This demonstrates Binance's commitment to adhering to global sanctions and preventing sanctioned individuals from using its platform. If you are a Russian national using Binance, it's crucial to understand the current regulations and how they might impact your account access and trading capabilities. Stay informed about any potential account restrictions implemented by Binance due to your residency or connections.