EconomyU.S. Treasury cracks down on Russian shadow banking network funding Iran

The U.S. Treasury announced restrictions on the A7 Network, a Russian shadow banking system it says Iran has used to evade sanctions. Led by sanctioned, convicted fraudster Ilan Mironovich Shor and state-owned Promsvyazbank, the network allegedly falsifies trade records and has facilitated Iranian oil sales and weapons procurement. Treasury plans further measures against its sub-agents.

U.S. TreasuryRussiaIranshadow banking

TThe Kyiv Independent★★★★☆2026-10-01 20:21Original