Prometheus
--
The European Union has imposed sanctions against the stablecoin A7A5, which is tied to the Russian ruble.
The new, 19th package of anti-Russian sanctions prohibits transactions with A7A5 starting from November 25.
The ruble stablecoin A7A5 was launched by company A7, whose investor is PSB Bank, in February 2025 in Kyrgyzstan. It is backed by PSB deposits and is pegged to the Russian ruble at a ratio of 1:1.
To settle a foreign trade transaction using A7A5, a Russian company must register on the PSB CFA platform – Tokeon, purchase CFA, and pay for goods from a foreign counterparty with them.
In August, the USA imposed sanctions against A7 and several related companies.
Additionally, from December 2, the EU will impose sanctions on foreign branches of Russian banks.
The new, 19th package of anti-Russian sanctions prohibits transactions with A7A5 starting from November 25.
The ruble stablecoin A7A5 was launched by company A7, whose investor is PSB Bank, in February 2025 in Kyrgyzstan. It is backed by PSB deposits and is pegged to the Russian ruble at a ratio of 1:1.
To settle a foreign trade transaction using A7A5, a Russian company must register on the PSB CFA platform – Tokeon, purchase CFA, and pay for goods from a foreign counterparty with them.
In August, the USA imposed sanctions against A7 and several related companies.
Additionally, from December 2, the EU will impose sanctions on foreign branches of Russian banks.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.