The United Kingdom imposed sanctions on a network of cryptocurrency platforms, banks, and financial intermediaries that London accused of helping Russia bypass Western restrictions and finance its war economy.
This was reported by Reuters on May 26, citing the British Foreign Office.
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The package froze the assets of the designated entities and barred UK firms from processing payments for them or maintaining correspondent banking ties. The measures focused on what London described as the “shadow financial systems” underpinning Russia’s war economy.
Central to the designations was the Kremlin-backed A7 network, which the UK accused of routing funds,…
