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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 10 sources · 26 days · First seen · Last updated

Ilan Șor and Russian sanctions evasion network

Overview

Reports indicate that Moldovan fugitive Ilan Șor has facilitated a financial mechanism to assist Russia in bypassing international sanctions. Initial analysis suggested the use of a cryptocurrency known as ‘A7A5’ to enable transactions exceeding $100 billion for Russian state agencies and oligarchs.

Subsequent investigations revealed that the Russian state-backed fintech company A7, led by Șor and launched by sanctioned entities including Promsvyazbank, utilized industrial-scale document forgery to move more than $6.9 billion through the international banking system. This operation involved the use of front companies and counterfeit invoices to maintain access to the SWIFT system. The network reportedly moved significant funds through major global financial institutions, including Standard Chartered, Citigroup, Deutsche Bank, JPMorgan, and DBS, with some payments linked to sensitive war-related procurement such as military hardware.

Entities

Promsvyazbank · Ilan Șor · INI · Ilan Shor · Citigroup

Timeline

  1. about 6 hours ago

    [BUSINESS] 3 sources
    Russian-backed fintech A7 moved $6.9 billion through global banks

    A Russian-backed fintech firm, A7, used forged documents to move $6.9 billion through global banks like Standard Chartered and Citigroup to evade sanctions and fund war-related procurement.

  2. 25 days ago

    [INTERNATIONAL] 7 sources
    Ilan Șor uses cryptocurrency to help Russia bypass sanctions

    Oligarch Ilan Șor is reportedly using a cryptocurrency called A7A5 to help Russia bypass international sanctions, facilitating over $100 billion in transactions via blockchain technology.

Sources

europeanbusinessmagazine.com · moldova1.md · moldovalive.md · news.yam.md · realitatea.net · safenews.md · stheadline.com · stiripesurse.ro · sursazilei.ro · ziarulprofit.ro