EU and USA to provide cybersecurity assistance to Ukraine and combat misuse of digital assets for evading sanctions
In a joint statement, US President Joe Biden and European Commission President Ursula von der Leyen announced increased cooperation between the USA and the EU to provide cybersecurity assistance to Ukraine and to combat the misuse of digital assets to evade sanctions.
The partners will ‘combat the illicit use of digital assets, including their potential misuse in evading multilateral sanctions’ imposed on Russia. They reaffirmed further cooperation in countering money laundering and terrorism financing (AML/CFT) for digital assets, sharing financial intelligence on illicit use of digital assets, and acting together ‘against those who promote the misuse of digital assets for illegal activities’.
The partners will also advance their cybersecurity cooperation, including coordination of cybersecurity assistance to the governments of Ukraine and Moldova, reinforcement of responsible state behaviour in cyberspace, and collaborative efforts to increase cyber resilience. They highlighted their commitment to the Counter Ransomware Initiative.