PANews reported on October 23rd that the European Union has imposed sanctions on the A7A5 stablecoin, pegged to the Russian ruble, according to Interfax.RU. The 19th round of sanctions against Russia, announced Thursday, prohibits transactions with A7A5 starting November 25th of this year. The A7A5 ruble stablecoin, issued by A7 and backed by VTB Bank (VTB), was launched in Kyrgyzstan in February 2025. Backed by deposits with VTB, it is pegged 1:1 to the Russian ruble. The United States imposed sanctions on A7 and several related companies in August.PANews reported on October 23rd that the European Union has imposed sanctions on the A7A5 stablecoin, pegged to the Russian ruble, according to Interfax.RU. The 19th round of sanctions against Russia, announced Thursday, prohibits transactions with A7A5 starting November 25th of this year. The A7A5 ruble stablecoin, issued by A7 and backed by VTB Bank (VTB), was launched in Kyrgyzstan in February 2025. Backed by deposits with VTB, it is pegged 1:1 to the Russian ruble. The United States imposed sanctions on A7 and several related companies in August.
EU imposes sanctions on A7A5 stablecoin pegged to the Russian ruble
PANews reported on October 23rd that the European Union has imposed sanctions on the A7A5 stablecoin, pegged to the Russian ruble, according to Interfax.RU. The 19th round of sanctions against Russia, announced Thursday, prohibits transactions with A7A5 starting November 25th of this year. The A7A5 ruble stablecoin, issued by A7 and backed by VTB Bank (VTB), was launched in Kyrgyzstan in February 2025. Backed by deposits with VTB, it is pegged 1:1 to the Russian ruble. The United States imposed sanctions on A7 and several related companies in August.
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