{"id":44851,"date":"2026-05-26T16:14:29","date_gmt":"2026-05-26T16:14:29","guid":{"rendered":"https:\/\/cryptd.in\/uk-targets-kremlin-linked-crypto-network-in-latest-sanctions-round\/"},"modified":"2026-05-26T16:14:29","modified_gmt":"2026-05-26T16:14:29","slug":"uk-targets-kremlin-linked-crypto-network-in-latest-sanctions-round","status":"publish","type":"post","link":"https:\/\/cryptd.in\/en\/uk-targets-kremlin-linked-crypto-network-in-latest-sanctions-round\/","title":{"rendered":"UK Targets Kremlin-Linked Crypto Network in Latest Sanctions Round"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nUK Targets Kremlin-Linked Crypto Network in Latest Sanctions Round<\/a><\/p>\n

<\/div>\n

The United Kingdom has unveiled a fresh package of sanctions against Russian financial structures that use crypto and offshore payment routes to sidestep restrictions imposed after the invasion of Ukraine.\u00a0<\/p>\n

The measures focus on the Kremlin-backed A7 network, a ruble-based settlement system, and a cluster of exchanges and firms that route payments through Kyrgyzstan and Georgia.<\/p>\n

Announced by Foreign Secretary Yvette Cooper, the package covers<\/a> 18 new designations that target what London describes as the backbone of Russia\u2019s<\/a> illicit finance channels.\u00a0<\/p>\n

Officials say the list includes a Kyrgyz bank suspected of handling A7 flows, a major global cryptocurrency exchange that has sent more<\/a> than 1.5 billion dollars to entities close to the Kremlin, and three Georgian companies that run Russia-focused trading platforms.<\/p>\n

The A7 network has emerged<\/a> as a central hub in Russia\u2019s attempts to blunt the impact of Western sanctions on its war economy. Investigations by independent researchers describe A7 as a cross-border settlement platform that uses a ruble-backed token, branded A7A5, and links to Promsvyazbank, a state lender that supports the Russian defense sector.<\/p>\n

According to the UK government, A7 claims to have moved more than 90 billion dollars during the past year, a sum that officials say approaches half of Russia\u2019s annual military spending.\u00a0<\/p>\n

Separate journalistic probes have found that A7-connected wallets and entities handle a significant share of cross-border transfers for sanctioned oligarchs and state-linked businesses.<\/p>\n

The crackdown lands at a moment when Russia\u2019s own forecasts show<\/a> a weaker outlook for growth under sanctions pressure. This month the Economy Ministry cut its 2026 growth projection to 0.4 percent from 1.3 percent and reduced the estimate for 2027 from 2.8 percent to 1.4 percent, an admission that extended war spending and trade limits weigh on expansion.<\/p>\n

Crypto is replacing bank links for Russia<\/h2>\n

Western authorities and crypto analytics firms have flagged crypto as a key tool in Russia\u2019s effort to replace severed bank links. Research into related platforms such as A7A5 and exchanges that serve Russian users has traced billions of dollars in stablecoin and token flows that bypass traditional banking checks, much of it through venues in Central Asia and the Caucasus.<\/p>\n

Cooper framed the new sanctions as part of a broader drive to hit the financial lifelines of Moscow\u2019s war machine and close off safe havens for enablers of the invasion. She said the UK would keep working with allies to expose, disrupt and dismantle the structures that move money and goods for Russian forces.<\/p>\n

Since the start of the full-scale invasion in 2022, Britain has sanctioned<\/a> more than 3,300 individuals, companies and vessels linked to the Kremlin, from banks and energy giants to defense suppliers. The government estimates that international sanctions have stripped more than 450 billion dollars from Russia\u2019s economy, a loss equal to an estimated two years of funding for its war against Ukraine.<\/p>\n

This post UK Targets Kremlin-Linked Crypto Network in Latest Sanctions Round<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine UK Targets Kremlin-Linked Crypto Network in Latest Sanctions Round The United Kingdom has unveiled a fresh package of sanctions against Russian financial structures that use crypto and offshore payment routes to sidestep restrictions imposed after the invasion of Ukraine.\u00a0 The measures focus on the Kremlin-backed A7 network, a ruble-based settlement system, and a […]<\/p>\n","protected":false},"author":1,"featured_media":44853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-44851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nUK Targets Kremlin-Linked Crypto Network in Latest Sanctions Round - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/en\/uk-targets-kremlin-linked-crypto-network-in-latest-sanctions-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Targets Kremlin-Linked Crypto Network in Latest Sanctions Round - 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