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The EU has imposed sanctions on the Russian ruble stablecoin A7A5.
On October 23, according to Russian media reports, the EU has imposed sanctions on the stablecoin A7A5, which is pegged to the Russian ruble. The 19th round of sanctions against Russia announced on Thursday stipulates that trading with A7A5 will be prohibited starting November 25 of this year. The A7A5 ruble stablecoin is issued by A7 Company, with its investor being the Russian Foreign Trade Bank (PSB). This stablecoin was launched in February 2025 in Kyrgyzstan. It is backed by deposits from the Russian Foreign Trade Bank, pegged to the Russian ruble at a 1:1 ratio. In August, the U.S. had already imposed sanctions on A7 Company and several related companies.