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The Rupturing Trump-Zelensky Relationship Stands to Hurt Ukraine and Its European Allies

Where the two presidents’ war of words will end is anybody’s guess. But if it continues, it could threaten the crucial operational help that Ukraine still gets from the United States.

© Tierney L. Cross/The New York Times

President Volodymyr Zelensky of Ukraine with President Trump at Mar-a-Lago in Florida in December.
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The Rupturing Trump-Zelensky Relationship Stands to Hurt Ukraine and Its European Allies

Where the two presidents’ war of words will end is anybody’s guess. But if it continues, it could threaten the crucial operational help that Ukraine still gets from the United States.

© Tierney L. Cross/The New York Times

President Volodymyr Zelensky of Ukraine with President Trump at Mar-a-Lago in Florida in December.
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The Rupturing Trump-Zelensky Relationship Stands to Hurt Ukraine and Its European Allies

Where the two presidents’ war of words will end is anybody’s guess. But if it continues, it could threaten the crucial operational help that Ukraine still gets from the United States.

© Tierney L. Cross/The New York Times

President Volodymyr Zelensky of Ukraine with President Trump at Mar-a-Lago in Florida in December.
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Trump’s Deal With Russia Inflames Ukraine War He Vowed to End

The Ukrainian president’s defiant decision to continue attacking Russian refineries underscores President Trump’s inability to end a war he had promised to resolve.

© Doug Mills/The New York Times

President Trump during a campaign stop in Alaska on Tuesday. He has not delivered on his promises to end the war in Ukraine, or to lower prices, and recent deals with Russia could complicate both issues.
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Trump’s Deal With Russia Inflames Ukraine War He Vowed to End

The Ukrainian president’s defiant decision to continue attacking Russian refineries underscores President Trump’s inability to end a war he had promised to resolve.

© Doug Mills/The New York Times

President Trump during a campaign stop in Alaska on Tuesday. He has not delivered on his promises to end the war in Ukraine, or to lower prices, and recent deals with Russia could complicate both issues.
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Trump’s Deal With Russia Inflames Ukraine War He Vowed to End

The Ukrainian president’s defiant decision to continue attacking Russian refineries underscores President Trump’s inability to end a war he had promised to resolve.

© Doug Mills/The New York Times

President Trump during a campaign stop in Alaska on Tuesday. He has not delivered on his promises to end the war in Ukraine, or to lower prices, and recent deals with Russia could complicate both issues.
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America’s Most Expensive Senate Race

The Senate showdown in Texas shows why Donald Trump and the Republican Party are worried about the midterm elections.

© Kenny Holston/The New York Times; Antranik Tavitian for The New York Times

Ken Paxton and James Talarico.
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U.K. Sanctions Cryptomus for RU Money Laundering

The United Kingdom has issued economic sanctions against Cryptomus, a chameleonic cryptocurrency platform that experts say serves as a major conduit for payments related to ransomware, narcotics, darknet markets, fraud and cybercrime services that are helping Russia circumvent existing financial restrictions.

Heleket’s support agent on Telegram claims, despite all evidence to the contrary, that it is not affiliated with Cryptomus. Image: Richard Sanders.

On October 8, the U.K. issued sanctions (PDF) against Cryptomus — previously known as Certa Payments and Xeltox Enterprises — for processing payments that benefit the Russian government and its financial institutions. The sanctions freeze any Cryptomus assets at U.K. banks, and bar British companies from offering it any business, virtual or otherwise. Also targeted in these sanctions were the virtual payment platforms VexPay, TokenSpot, and the Tsunami Payments service.

As explained in our December 2024 investigation, “How Cryptocurrency Turns to Cash in Russian Banks,” Cryptomus has been a key payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services. The company has changed its name several times since emerging in 2022, most recently to “Heleket” last year after Canada levied a record CAD $176 million fine against the platform for anti-money laundering violations.

The blockchain data-crunching firm Chainalysis said the U.K. sanctions target the broader infrastructure supporting Russia’s wartime economy.

“Cryptomus and Heleket have emerged as major payment hubs for illicit activity,” Chainalysis wrote in an October 8 blog post. “Together, these services received more illicit funds across tracked categories than the mixers in our dataset and the number of illicit counterparties surged to more than 900 in a single month in late 2025.”

The Cryptomus support bot on Telegram, responding on Oct. 8 to an inquiry by saying the platform was suddenly unable to process transactions.

In April 2026, the blockchain analysis firm TRM Labs found Cryptomus had processed more than $7 billion in transactions since its inception in 2022, including transactions associated with child sexual abuse material vendors, terrorist financing networks, and human trafficking operations.

TRM noted that Cryptomus’s transaction volume cratered after the platform instituted new “know your customer” or KYC rules, and that the cryptocurrency platform responded to the Canadian fines by launching Heleket as a parallel service that continued to offer no-KYC payment processing.

Richard Sanders is a blockchain analyst and investigator who spent months mapping out Cryptomus’s payment infrastructure and transacting with its customers. Sanders said the U.K. sanctions on Cryptomus are important because Canada’s sanctions against the platform were ultimately unenforceable and uncollectible.

“A fine doesn’t stop a cryptocurrency payment processor from processing payments,” Sanders wrote on LinkedIn. “Sanctions kill the operation. The distinction matters.”

As our 2024 investigation noted, Cryptomus shared a Vancouver address with dozens of other foreign currency dealers and money transfer businesses — none of which appeared to be physically located there. Following the CAD $176 million fine for alleged money laundering violations, Cryptomus appealed the penalty, launched Heleket as a parallel service, and kept on processing large volumes of sketchy transactions, Sanders said.

Sanders said the sanctions also are notable because they are the first known instance of a “Five Eyes” country (referring to the Australia, Canada, New Zealand, the U.K. and the U.S.) sanctioning a cryptocurrency operation incorporated in another Five Eyes jurisdiction.

Where do entities like Cryptomus and Heleket derive their authority to offer international financial services? The answer appears to involve fake financial institutions overseen by a phony regulatory body positioned in a country that is not widely recognized as a sovereign nation.

Our 2024 investigation found the sole shareholder of Cryptomus’s parent company Certa Payments was a 25-year-old Ukrainian woman who also headed several other firms, including the WS Management and Advisory Corporation, which bills itself as the regulatory body that exclusively oversees licenses for cryptocurrency, foreign exchange and online gaming businesses incorporated in the disputed region in northwest Africa known as the Western Sahara.

That entity’s website — crasadr.com — says it assists applicants with bank setup and formation, online gaming licenses, and the creation and licensing of foreign exchange brokers. One of Certa Payments’ former sites — certa[.]website — also shared a server with 12 other domains, including rasd-state[.]ws, a website for the Central Reserve Authority of the Western Sahara.

The website crasadr dot com, the official website of the Central Reserve Authority of Western Sahara, which lists the entities awarded licenses for cryptocurrencies, gaming and foreign exchange services.

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Burnham Pledges to Back Zelensky as Trump’s Ukraine Support Wavers

President Volodymyr Zelensky, who met with Britain’s prime minister, has said Ukraine received no warning of Russian attacks, but President Trump has said Washington is still “sharing intel.”

© Jack Taylor/Reuters

Prime Minister Andy Burnham welcoming President Volodymyr Zelenskiy of Ukraine outside 10 Downing Street, in London, on Wednesday.
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Burnham Pledges to Back Zelensky as Trump’s Ukraine Support Wavers

President Volodymyr Zelensky, who met with Britain’s prime minister, has said Ukraine received no warning of Russian attacks, but President Trump has said Washington is still “sharing intel.”

© Jack Taylor/Reuters

Prime Minister Andy Burnham welcoming President Volodymyr Zelenskiy of Ukraine outside 10 Downing Street, in London, on Wednesday.
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Trump Squeezes Ukraine, Again

The president’s proposed fuel deal with Russia and a one-sided cease-fire plan are putting Kyiv in a tough spot as winter approaches.

© Genya Savilov/Agence France-Presse — Getty Images

The Russian strike on Pryluky, Ukraine, last week.
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Ukraine Says It Received No Intelligence About Strikes 2 Nights in a Row

Asked about apparent U.S. threats to cut off intelligence sharing with Kyiv, which can warn of Russian aerial attacks, President Trump said information continued to flow.

© Mauricio Lima for The New York Times

A resident collecting belongings from an apartment building that was struck in Kharkiv, Ukraine, on Tuesday.
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Ukraine Says It Received No Intelligence About Strikes 2 Nights in a Row

Asked about apparent U.S. threats to cut off intelligence sharing with Kyiv, which can warn of Russian aerial attacks, President Trump said information continued to flow.

© Mauricio Lima for The New York Times

A resident collecting belongings from an apartment building that was struck in Kharkiv, Ukraine, on Tuesday.
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After Russian Diesel Deal, Trump Faces New Crisis Over Ukraine

President Trump’s surprise decision to suspend sanctions on Russian diesel fuel stunned Ukrainian and European officials, who were meeting with U.S. envoys at an exclusive golf club near Miami.

© Valentyn Ogirenko/Reuters

Jared Kushner and Steve Witkoff with President Volodymyr Zelensky of Ukraine in Kyiv last month.
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After Russian Diesel Deal, Trump Faces New Crisis Over Ukraine

President Trump’s surprise decision to suspend sanctions on Russian diesel fuel stunned Ukrainian and European officials, who were meeting with U.S. envoys at an exclusive golf club near Miami.

© Valentyn Ogirenko/Reuters

Jared Kushner and Steve Witkoff with President Volodymyr Zelensky of Ukraine in Kyiv last month.
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NATO Details Plan to Shield Ukraine’s European Allies From Russia

With the Russians intensifying sabotage, arson and cyberattacks against European nations supporting Ukraine, NATO divulged a blueprint, in case of war, to deter the Kremlin.

© Omar Marques/Getty Images

Gen. Alexus G. Grynkewich of the U.S. Air Force, NATO’s top military commander, speaking at the Warsaw Security Forum on Monday.
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NATO Details Plan to Shield Ukraine’s European Allies From Russia

With the Russians intensifying sabotage, arson and cyberattacks against European nations supporting Ukraine, NATO divulged a blueprint, in case of war, to deter the Kremlin.

© Omar Marques/Getty Images

Gen. Alexus G. Grynkewich of the U.S. Air Force, NATO’s top military commander, speaking at the Warsaw Security Forum on Monday.
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