The EU’s 19th sanctions round targets Russia’s state-affiliated A7A5 stablecoin, expanding restrictions on its financial sector amid ongoing geopolitical tensions.
The European Union has blacklisted the Russia-linked stablecoin A7A5 as part of its 19th round of sanctions, aiming to curb the country’s crypto ambitions and financial activities. The A7A5 stablecoin, tied to the Russian state, has been issued by A7 Company and backed by PSB deposits. The new measures broaden existing economic restrictions, targeting Russian sectors in response to geopolitical developments.