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 fresh sanctions on Russian financial firm A7, alleging its involvement in helping Iran circumvent economic restrictions. According to the Treasury, A7 operated a complex network of subsidiaries in various countries to disguise transactions linked to sanctioned entities as legitimate commercial transactions.
These sub-agents were used to facilitate Iranian oil exports and weapons procurement, according to the Treasury. The statement further revealed that A7 processed over $6.9 billion in transactions, despite sanctions imposed on Russia. Parts of the A7 network were previously sanctioned in 2025. The Treasury's Office of Foreign Assets Control also classified the A7 Network as a significant transnational criminal organization, threatening US national security.
As of January 2026, the A7 Network claimed to have processed over 2,000 transactions daily, accounting for more than 13% of Russia's 2025 foreign trade. This action is part of the US's ongoing "Operation Economic Outcast," aimed at pressuring Iran through economic pressure. Treasury Secretary Scott Bessent emphasized that the move sends a strong message that those facilitating illicit finance for America's adversaries will lose access to the US financial system.
The Treasury also targeted parts of Iran's industrial infrastructure, including its rail, mining, and automotive sectors.
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