Brind.
  1. UK sanctions policy targeted Russia's financial networks to disrupt its war economy by providing funds and resources to Russia's financial sector.

Russian A7 Network Leverages International Banks to Process Billions Despite Sanctions

6 reports, 6 independent Updated Sep 22
Gone quiet
Reports
6
Developments
6
Repetition
50%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Well supportedReported by 6 independent outlets

The A7 network, a ruble-based settlement system, has reportedly processed $6.9 billion through major international banking institutions despite sanctions on Moscow. An investigation found that the network utilized shell companies and falsified commercial trade documents to move funds, some of which were linked to war-related goods. Separately, the A7A5 stablecoin, tied to the ruble, has reportedly reached nearly $140 billion in turnover since its creation.

From bankingnews.gr, theweek.com, philippinetimes.com

Why it matters

Some supportBrind's analysis of the reports

The A7 network was established by Promsvyazbank to bypass Western sanctions following the disconnection of Russian banks from the SWIFT network. The network's ability to leverage international banking infrastructure highlights significant gaps in the global sanctions control system.

UK sanctions policy aimed to disrupt Russia's war economy by targeting its financial networks and providing resources to its financial sector.

From bankingnews.gr, philippinetimes.com

Who's involved

  • PromsvyazbankPromsvyazbank launched the A7 network and the A7A5 stablecoin.
  • Ilan ShorIlan Shor is currently connected to Promsvyazbank.
  • Hong KongHong Kong was identified as a location where A7-connected accounts received large transaction volumes.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • PromsvyazbankSpeculative

    Promsvyazbank could face operational exposure due to its role in the A7 network used for sanctions evasion.

How it developed

Newest first. Tap a step to see who reported it.
  1. Alerts regarding the A7 financial network targeting Russia have led to director verification failures and insolvency service convictions at corporate service providers.Sub-event
  2. The A7 network, linked to Promsvyazbank, is using international banks like Citigroup and HK offices.1 source
  3. A7A5 stablecoin was created to bypass international payment restrictions following sanctions that led to disconnection from the SWIFT network.Sub-event
  4. PSB chairman discusses A7A5's market size.1 source
  5. A7 Network plans expansion into Latin America while defying Western efforts to isolate Moscow.Sub-event
  6. Details of the A7 Network, a ruble-based settlement system used by the Russian war economy to evade Western sanctions.1 source

Keep exploring

Part of

UK sanctions policy targeted Russia's financial networks to disrupt its war economy by providing funds and resources to Russia's financial sector.

Also in this story

All 4 developments

The entities involved

Coverage

Newest first; wire copies grouped