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A profile of Russia's A7, a payment network that helps Russia bypass Western sanctions, handling ~20% of payments in Russian foreign trade, or $100B+ annually (Alexander Osipovich/Wall Street Journal)

A7 says it handles nearly 20% of payments in Russian foreign trade, or more than $100 billion annually

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

Also reported by 3 other outlets

Read the original at wsj.com →

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Israel's secret test on its Arrow air-defense system shows it's taking Iran seriously - analysis

Under normal circumstances, Arrow tests are a national event, with tens of thousands of residents in central Israel can see them when the missile is launched from the IAF's test unit at Palmachim.

  • Israel's Arrow air-defense system conducted a secret test against Iran's ballistic missiles.
  • Arrow system, developed since 1980s, has neutralized numerous Iranian and Yemeni missiles.
  • Test's secrecy reflects Iran's significant capabilities and the need for continuous system upgrades.

Pentagon gives defense executives 21 days to present plan for rapid weapon development - report

Deputy Defense Secretary Steve Feinberg wrote that industry leaders had 21 days to present plans to “drive significantly faster, more aggressive delivery schedules and/or increased production."

  • Pentagon orders defense executives to submit accelerated weapon development plans within 21 days.
  • US stockpiles of critical weapons, especially long-range missiles, are reportedly dwindling.
  • White House denies claims of conflict with Defense Secretary Pete Hegseth over defense spending.