EU imposes sanctions on A7A5, a stablecoin pegged to the Russian ruble

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According to ChainCatcher, the Russian Interfax news agency reported that the European Union has imposed sanctions on the stablecoin A7A5 pegged to the Russian ruble.

The 19th round of sanctions against Russia, announced Thursday, prohibits transactions with A7A5 starting November 25th of this year. The A7A5 ruble stablecoin, issued by A7 and backed by VTB, was launched in Kyrgyzstan in February 2025. Backed by deposits with VTB, it is pegged 1:1 to the Russian ruble. In August, the United States imposed sanctions on A7 and several related companies.

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