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The EU Imposes Sanctions on the Russian Ruble Stablecoin A7A5
BlockBeats News, October 23rd. 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 transactions with A7A5 will be prohibited starting from November 25th this year.
The A7A5 ruble stablecoin is issued by A7 Company, with its investor being Promsvyazbank (PSB), and was launched in Kyrgyzstan in February 2025. It is backed by deposits from Promsvyazbank and pegged to the Russian ruble at a 1:1 ratio. In August, the United States had already imposed sanctions on A7 Company and several associated entities.
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