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A7A5 (Russian Ruble Stablecoin)

avoid.net/a7a5-russian-ruble-stablecoin3/100·85% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·2kxgtz…nR4h

Summary

A7A5 is a ruble-pegged stablecoin launched in January 2025 by Kyrgyzstan-registered issuer Old Vector on behalf of A7 LLC, a cross-border payments firm co-owned by sanctioned Moldovan fugitive Ilan Shor and Russian state-owned defense-sector bank Promsvyazbank (PSB). US, UK and EU authorities have sanctioned A7A5, its issuer, and its principal trading venues (Grinex, formerly Garantex), alleging the token was designed to help Russian individuals, businesses and the state evade Western financial restrictions and, per UK officials, to help fund Russia's war effort. The scout's claim that A7A5 launched in "February 2026" is not supported by any source found and appears to be incorrect; multiple Tier 1/Tier 2 sources place the launch in January 2025.

Connected Entities

6 entities · 60 linked investigations
Relationships
  • A7A5 Ruble Stablecoin / A7 Networkmentioned withUniswap(60%)
  • A7A5 Ruble Stablecoin / A7 Networkmentioned withGrinex(70%)
  • A7A5 Stablecoin / Old Vectormentioned withUniswap(65%)
  • A7A5 Stablecoin / Old Vectormentioned withGrinex(70%)
  • HTXmentioned withGrinex(60%)
  • HTXmentioned withA7A5 Ruble Stablecoin / A7 Network(75%)
  • A7A5 Ruble Stablecoin / A7 Networkmentioned withA7A5 Stablecoin / Old Vector(80%)
  • Grinexmentioned withA7A5 Stablecoin / Old Vector(80%)
  • A7A5 (Russian Ruble Stablecoin)mentioned withA7A5 Stablecoin / Old Vector(85%)
  • A7A5 (Russian Ruble Stablecoin)mentioned withA7A5 Ruble Stablecoin / A7 Network(85%)
  • + 3 more

Connected Through

5 shared actors · 237 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about A7A5 (Russian Ruble Stablecoin)?

Timeline(11 events)

January 2025

A7A5, described as the world's first ruble-backed stablecoin, launches, issued by Kyrgyzstan-registered Old Vector on behalf of A7 LLC.

RFE/RL; Elliptic

14 August 2025

US Treasury OFAC sanctions Old Vector, A7 LLC and subsidiaries A71 and A7 Agent, plus the Grinex/Garantex network, over alleged sanctions-evasion use of A7A5.

CoinDesk

23 July 2025

Last new A7A5 tokens minted, per Elliptic's later analysis, marking the peak of the token's active use.

Elliptic

September 2025

Russian President Vladimir Putin reportedly takes part in a virtual ceremony marking the opening of an A7 branch in Vladivostok, cited by researchers as evidence of high-level state backing for A7.

RFE/RL

23 October 2025

EU adopts its 19th sanctions package, directly banning all transactions involving A7A5 and sanctioning its developer, a major trading platform, and its Kyrgyz issuer — the EU's first outright ban on a named cryptocurrency.

Council of the EU (Consilium)

November 2025

Uniswap removes A7A5 from its decentralized exchange listings.

Elliptic

16 April 2026

Grinex, the primary remaining A7A5 trading venue, discloses a security breach with over 1 billion rubles reportedly stolen.

Elliptic

26 May 2026

UK FCDO sanctions 18 entities and individuals tied to the 'Kremlin-backed A7 network,' alleging it moved over $90 billion the prior year; reporting links the package to HTX, EXMO and Bitpapa.

GOV.UK; Chainalysis; The Moscow Times

May 2026

HTX publicly denies the UK's allegations, stating it rejected an A7A5 listing application after internal compliance review.

CoinDesk

June 2026

Russia's Foreign Ministry sanctions 17-year-old British researcher Alexander Browder and four other UK nationals over a report identifying A7A5 as a key sanctions-evasion tool.

CoinDesk; Euronews

June 2026

A7A5 transaction volumes reportedly fall to a low of roughly $24.3 million, down about 96% from their July 2025 peak.

Elliptic
Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 20 of 20 cited source URLs have an Internet Archive snapshot.

model: claude-code-investigator

generated: 9/18/2026, 11:13:53 PM

last updated: 9/19/2026, 1:01:14 AM

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