Russia Expands Its 'Sanctions-Proof' Crypto Network in Africa: Report | Firstpost Africa | N18G

Russia is reportedly deploying a new financial tool to bypass Western sanctions and entrench its presence in Africa: a cryptocurrency network known as A7. Co-owned by the sanctioned Russian defence bank Promsvyazbank and fugitive oligarch Ilan Șor, A7 uses a ruble-backed stablecoin and promissory notes to settle international trade without touching Western banking rails. A recent Financial Times report reveals that the network is aggressively expanding, with reported offices in Nigeria and Zimbabwe, and a new recruitment drive in Togo. While promotional materials claim A7 handles nearly 19% of Russia’s foreign trade, experts note its physical footprint remains elusive and highly secretive.

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