🇷🇺 FT: Russia is using its own stablecoin for shadow transactions worth $9,000,000,000.
➤ "Promsvyazbank" and fugitive Moldovan oligarch Ilan Shor created the A7A5 token, which allows bypassing foreign sanctions.
➤ In 4 months, transactions worth $9,000,000,000 were conducted through the stablecoin (mainly settlements with foreign partners).
➤ A7A5 is backed by rubles and is used to purchase dollars through #USDT; the money can be cashed out in any country.
➤ The stablecoin from Grinex is actively used by Russian importers and local oligarchs.