The measures took effect immediately and include companies and individuals linked to Russia’s financial sector. The sanctions focus partly on the A7 network, which the U.K. described as a Kremlin-backed system designed to bypass Western sanctions. According to the British government, the network claimed to have moved more than $90 billion last year, an amount it said was roughly equal to half of Russia’s annual military spending. The designation list names several c banks, cryptocurrency exchanges, and individuals accused of helping Russia evade Western restrictions.
Source: OCCRP, 2026-05-28; https://www.occrp.org/en/news/uk-targets-russian-crypto-sanctions-evasion-network