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EU Bans Russia-Linked A7A5 Stablecoin in 19th Sanctions Package

The move aims to cut off crypto channels the bloc says Russia uses to sidestep sanctions.

Overview

  • The EU outlawed all transactions involving A7A5 across its jurisdiction and designated the token in its latest sanctions list.
  • Authorities blacklisted the Kyrgyz developer behind the ruble-pegged coin and a Paraguay-based exchange tied to its trading liquidity.
  • EU operators are now prohibited from providing crypto and fintech services that could help Russia develop alternative payment rails.
  • Officials cite multibillion-dollar A7A5 flows, with reported estimates ranging from roughly $6 billion to more than $15 billion.
  • Russia is preparing to legalize cryptocurrency for foreign trade, with Finance Minister Anton Siluanov signaling forthcoming regulation.