Cryptocurrency operations supported by the Kremlin reached $ 6 billion. Despite the US sanctions

Cryptocurrency operations supported by the Kremlin managed to bypass American sanctions and reached at least $ 6 billion. – Financial Times said on Monday. According to the newspaper, this means that the efforts of Western countries to reduce financial flows Russia are not very effective.

On August 14, the United States covered two wallets associated with the Russian Garaantex Stock Exchange, closed in March due to alleged connections with hackers, and the GRINEX Stock Exchange based in Kyrgyz. American officials say that Grinex is the successor of Garaantex, although representatives of both of these stock exchanges deny this.

The day after the announcement of the A7A5 sanctions, the cryptocurrency associated with the Russian ruble, liquidated 80 percent. your tokens. Then, in the new portfolio called TNPJJ, tokens of the same value were created, which enabled cross -border payments worth over 6 billion. hole.

“FT” noticed that This method “breaks the connection between the old and new account, which makes it more difficult to determine the connection between tokens covered by sanctions and newly created.”

The newspaper said that this portfolio has 11 contractors and performs transfers during working hours in Moscow. Stablecoin can be purchased for cash in the grinex cantor ward in the Russian capital. The location is located in a skyscraper, where the headquarters of Garaantex was located.

The A7A5 cryptocurrency is secured in a 1: 1 ratio deposited at the Russian state bank Promsvyazbank and is a Russian digital currency for cross -border settlements.

Although Stablecoin was created by Old Vector, a company located on a black USA list, it was officially recognized by the Russian government last week as digital financial assets, which allows its legal use in trade. The cryptocurrency itself is registered in Kyrgyzstan.

“The A7A5 cryptocurrency is part of the A7, the developing cross -border payment system, which is to be an alternative to the American financial system, from which Russian lenders were cut off after the invasion of Moscow to Ukraine in 2022.” Dziennik said.

According to the opinions of two specialists, cited by “FT”, A7 may now be responsible for a significant part of the Russian cross -border payment market. In addition to cryptocurrencies, the A7 network also offers traditional services, including payments via bills of exchange.

“A7 is developing at a fast pace, financed largely from loans from Russian state institutions,” noted in the Center for Information Resilience (CIR), the London Non-Profit research organization. According to her, the deteriorating situation in the Russian war economy will probably increase the “political importance” of this network in the area of ​​export.

From London Marta Zabłocka (PAP)

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