The U.S. Treasury on October 1 sanctioned Russia-linked A7 Network as a significant transnational criminal organization and proposed restrictions on transfers involving its foreign Sub-Agents. The action also targets the network’s A7A5 token, with FinCEN saying more than 180 entities processed at least $179.1 billion in A7A5 transactions between February 2025 and June 2026, making the token a central part of the network’s sanctions-evasion infrastructure.
A7A5 is a ruble-backed stablecoin issued by sanctioned Old Vector LLC and backed by ruble deposits at sanctioned Russian bank Promsvyazbank, according to FinCEN. The token operates on Tron and Ethereum and has been used as a bridge into assets such as USDT, while the broader case illustrates how stablecoins can support cross-border settlement outside traditional banking channels.
FinCEN’s proposal would prohibit covered U.S. financial institutions from certain transfers involving A7 Network Sub-Agents, while OFAC’s designation blocks A7 property and interests in property within U.S. jurisdiction. The public comment period will close 30 days after the proposed rule is published in the Federal Register, making finalization of the measure the next regulatory step to watch.
Source: U.S. Department of the Treasury.
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