The United Kingdom imposed new sanctions on Russian financial and cryptocurrency networks, targeting mechanisms Moscow is believed to use to bypass restrictions and support its war against Ukraine.

In a statement published Tuesday, the UK government said the new measures target crypto exchanges, financial networks and the Kremlin-backed “A7 network,” which it said channels funds into Russia’s war economy.

The UK said the A7 network processed more than $90 billion last year.

“If the Kremlin thinks it can evade our sanctions by hiding behind crypto networks and shadow financial systems, it is gravely mistaken,” Foreign Secretary Yvette Cooper said.

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