Updated 2 Oct, 2026 19:40
A7 stand at the global economical Forum in Petersburg (SPIEF), Petersburg, Russia, 6 June 2026. © Sergei Bobylev / RIA Novosti
A7's Russian fintech company "categorically" rejected US accusations linking it to Iran and terrorist groups, identifying these claims as "ruly lies and slander".
The cross-border payment platform was launched in 2024 in consequence to extended Western sanctions imposed on Russia after the escalation of the conflict in Ukraine in 2022.
These restrictions cut off most Russian financial institutions from the western, global SWIFT financial communications network.
On Thursday, the U.S. Treasury Department sanctioned the A7 as ‘a crucial transnational criminal organisation” and calling it ‘parallel banking networks’ (shadow banking), utilized by Iran to circumvent sanctions.
Washington accused A7 affiliates of facilitating transactions involving the Government of Iran, the muslim Revolutionary defender Corps (IRGC) and Iran-supported groups recognised as terrorist organizations.
"A7 categorically denies all accusations of cooperation with Iran or terrorist organisations. It is simply a cruel lie and slander” – stated the company in a communication to the RT station, adding that it had never executed a transaction or operated related entities.
New measures taken by the US ‘not affecting’ for activity A7 – added the company.
"Over the course of respective years, A7 has built a fresh independent global clearing network that enables companies to operate efficiently and quickly, regardless of geopolitical conditions.
The sanctions imposed on us are an expression of appreciation for this efficiency.”
These activities form part of Washington's wider economical run aimed at Iran.
Trump's administration sought to break Tehran's abroad financial ties and increase force on its economy.
These actions coincided with the US blockade of Iranian ports, while the ongoing conflict continues to disrupt the functioning of energy markets. The movement in the Ormuz Strait – through which about a 4th of the world's volume of sea-borne oil was transported before the US and Israel attacked Iran on February 28, remains disrupted.
The global fuel prices are besides affected by Russia's extended ban on the export of diesel, introduced in connection with the conflict in Ukraine.
Action against A7 was taken only a fewer weeks after US president Donald Trump signed a bill by Lindsey O. Graham imposing sanctions on Russia and Iran.
These provisions supply for the anticipation of imposing duties of up to 100% on the 5 largest buyers of Russian oil and natural gas, as well as on entities importantly facilitating the circumvention of sanctions.
India and China, the biggest recipients of Russian oil, opposed these regulations, informing that they could harm bilateral relations and destabilise global energy markets.
Translated by Google Translator
source:https://www.rt.com/russia/646659-a7-rejects-us-sanctions/
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