The UK has imposed sanctions on several financial institutions, including those linked to the Kyrgyz crypto sector, alleging their use for circumventing existing Western sanctions against Russia. The sanctions target eight individuals and entities, including a Luxembourg-based firm and four Kyrgyz companies, like Grinex LLC and Old Vector LLC, which facilitate A7A5—a ruble-pegged stablecoin launched in Kyrgyzstan. According to the UK, Russia has moved over $9.3 billion using this stablecoin in the past four months. These sanctions follow discussions between U.S. President Donald Trump, Ukrainian President Volodymyr Zelensky, and European leaders including British Prime Minister Keir Starmer, concerning the Ukraine conflict, specifically in Washington D.C., and as a result of the U.S. sanctioning Grinex and Old Vector last week for their roles in facilitating sanctions evasion and crypto-related illicit activity.