Company
Payments group founded in late 2024 to settle cross-border transactions for Russian companies, backed by Promsvyazbank and Moldovan businessman Ilan Shor, and designated by the United States, United Kingdom and European Union.
Three senior Russian officials, including the finance minister, joined A7's board two weeks after OFAC's criminal designation, Cryptopolitan reports. The seats confirm a state link A7 already had, so open exposure sits with the intermediaries around it.
Reality
Russia's A7 will settle foreign invoices in USDT for a flat 0.3% fee, with recipients paid by SWIFT, 11 days after US sanctions on its network. It is aimed at businesses in international trade, the segment where US authorities say the network moved restricted payments.
Reality
Leaked records show the Kremlin-backed A7 network listing UK fintech Wooshpay as a payment route to China and Hong Kong, capped at $50,000 a day. The published documents do not settle whether Wooshpay knew, so its partners have only the listing to assess.
Reality
Japan froze the assets of Garantex, a Moscow crypto exchange that processed at least $96 billion, in Russia sanctions that took effect on October 2. Any exchange or payment firm that touches Garantex now carries Japanese legal risk on top of its US and EU exposure.
Perspective Coverage
5 publishersReality
Leaked internal files from the Promsvyazbank-backed payments group describe roughly 100 front companies in four jurisdictions opening accounts at banks still on the network, with counterfeit invoices produced whenever compliance teams asked questions.
Reality