US Sanctions Ruble-Backed Stablecoin Issuer A7A5

The US Office of Foreign Assets Control (OFAC) has imposed sanctions on multiple Russian entities and individuals, targeting them for their involvement in sanctions evasion. In its latest update to the Specially Designated National List, OFAC added several companies associated with Ruble-pegged stablecoins. A7 LLC, the issuer of the popular A7A5 stablecoin, now faces secondary sanctions under the Ukraine/Russia-related Sanctions Regulation. The company and its subsidiaries, like A7 Agent and A71, have been implicated in this evasion scheme.