The United Kingdom has imposed sanctions on cryptosystems that support russia

This was reported by Reuters.

The sanctions target the infrastructure of A7A5, a rouble-backed stablecoin launched in Kyrgyzstan. It allowed russia to transfer $9.3 billion abroad in four months.

‘If the Kremlin thinks it can hide its desperate attempts to soften the blow of our sanctions by laundering transactions through suspicious crypto networks, they are sorely mistaken,’ said British Sanctions Minister Stephen Doughty.

The UK sanctions affected a Luxembourg company and four Kyrgyz organisations, including Grinex LLC and Old Vector LLC, linked to the A7A5 infrastructure.

Three individuals were also sanctioned for allegedly supporting russia's financial infrastructure, including one with a Kyrgyz bank used to pay for military goods, another for helping to evade sanctions, and a third for providing services to russia's state-owned Promsvyazbank.

Source: Ekonomichna Pravda, Reuters