EconomyRussia’s sanctions-busting A7 starts cross-border transfers with cash collected at Moscow markets

An investigation describes A7 as Russia’s largest shadow cross-border payments provider. Most funds entering its network reportedly come from cash collected at wholesale and retail markets in Moscow, including Sadovod. Ilan Shor controls A7, while state-owned Promsvyazbank holds 49%. At least 25 of A7’s clients are Russian companies under U.S. and EU sanctions, the report says.

RussiaA7shadow paymentssanctions

MMeduza★★★☆☆2026-10-26 04:40Original