US Targets Russian Financial System 'A7' with New Sanctions Against Iran

The US Treasury has designated the 'A7' financial system as a significant transnational criminal organization. This move aims to prevent a scheme supported by the Kremlin from circumventing sanctions. The Treasury stated that the 'A7' network facilitates illicit fund transfers for Iranian and Russian entities, including oil sales and arms procurement, by disguising payments as legitimate transactions.

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