LONDON: Britain on Tuesday targeted Russian-linked cryptocurrency platforms, banks and financial networks it said were used to bypass sanctions, freezing their assets and barring UK firms from processing payments or maintaining correspondent banking ties. The measures focus on what London described as “shadow financial systems” underpinning Russia’s war economy, including the Kremlin-backed A7 network, which it said has been used to route funds, finance procurement and exploit foreign banking systems to evade restrictions.
UK targets Russian crypto networks in latest sanctions
The package also targets crypto exchanges and entities operating Russia-focused platforms
Britain said it was “tracking down and shutting off” payment routes
May 26, 2026 17:12
LONDON: Britain on Tuesday targeted Russian-linked cryptocurrency platforms, banks and financial networks it said were used to bypass sanctions, freezing their assets and barring UK firms from processing payments or maintaining correspondent banking ties.
Britain has taken action against Russian-linked cryptocurrency platforms and banks. These entities are accused of helping Russia…
The United Kingdom introduced new sanctions targeting Russian financial networks using crypto and offshore channels to evade…
Britain imposed a new round of sanctions on Russian cryptocurrency platforms and financial infrastructure that it says are…
Britain has announced a new sanctions package targeting cryptocurrency and financial entities that help Russia bypass Western…
The department said the A7 gang was using a Kyrgyz bank suspected of facilitating payments
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