US hits Russian company A7 with new Iran-related sanctions
The US Treasury Department on Thursday imposed new penalties on Russian financial company A7 on accusations that it has been used to help Iran evade sanctions. The Treasury Department in a statement described how the FinTech firm developed a network of companies based in third countries to help Iran, as well as other sanctioned people and companies, evade US sanctions . Washington said the A7…
On Thursday, the US Treasury Department imposed new sanctions on Russian financial company A7, accusing it of aiding Iran in evading US sanctions. The Treasury described how A7 created a network of companies in third countries to disguise payments linked to sanctioned individuals and sectors as ordinary commercial activity. The A7 Network utilized sub-agents to facilitate Iranian oil sales and weapons procurement efforts.
Recent reports revealed that A7 had funneled over $6.9 billion through international systems despite sanctions on Russia. The Treasury Office of Foreign Assets Control also classified A7 as a significant transnational criminal organization, engaging in serious criminal activity across two or more foreign states or in one foreign state and the US.
As of January 2026, A7 claimed to have processed more than 2,000 transactions daily, amounting to more than 7.5 trillion roubles, or about 13% of Russia's 2025 foreign trade transactions. This action is part of Washington's Operation Economic Outcast, aimed at applying economic pressure on Tehran. Treasury Secretary Scott Bessent emphasized that the move sends a clear message that facilitating illicit finance for America's adversaries will result in losing access to the US financial system.
The Treasury also targeted parts of Iran's industrial infrastructure, including rail, mining, and automotive sectors.
Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Navalny-founded Anti-Corruption Foundation proposes sanctions relief for repeal of Russian laws used to prosecute anti-war speech and criticism of the military meduza.io
- US hits Russian company A7 with new Iran-related sanctions thenationalnews.com
- US trade representative declines to commit to imposing new Russian sanctions semafor.com
