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Russia circumvents foreign trade restrictions with the help of cryptocurrency

A multi-billion-dollar Russian cross-border payments network reportedly uses cryptocurrency to evade Western sanctions and support imports.
Moscow City acts as a major hub, with about $2 billion in foreign trade transfers daily routed through the system.
A7, described as Russia’s largest payment agent, is central to the flow and is connected to the stablecoin A7A5.
Prominent oligarchs and state-linked actors are named as participants or sponsors in the system, including Ilan Shor and associates tied to the FSB.
The investigation cites Proekt as the source of the findings on Russia’s parallel financial system.
The system involves Kyrgyz intermediaries, Grinex exchange, and shell firms to mask the origin of funds.
The report notes that over 20 shell firms are involved in moving money around the world.
The investigation links A7 and related entities to sanctions and to the broader Russian state economy via VEB and other actors.
The story was summarized in cryptopolitan.com's crypto news roundup accompanying the original Proekt report.

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