A Russian cryptocurrency network, run by a sanctioned state defense bank and a fugitive oligarch, is expanding its operations across Africa in a bid to bypass Western financial sanctions, Financial Times (FT) reported on April 6.
The network, named A7, was founded in 2024 by fugitive Moldovan oligarch Ilan Șor and the Russian defense-sector lender Promsvyazbank (PSB). Both are currently under Western sanctions.
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The company recently posted a vacancy for a project manager to build a business “from scratch” in Togo, adding to its newly announced branches in Nigeria and Zimbabwe. The expansion is the latest sign that Moscow…
