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.