The Russian State Financial Network Behind A7A5
The A7A5 stablecoin is backed by a network of Russian state-owned banks, with Promsvyazbank (controlled by former spy chief Mikhail Fradkov's son) holding ruble reserves for the token. The scheme involves sanctioned entities including crypto exchanges Garantex and Grinex, and appears designed to facilitate cross-border payments while circumventing international sanctions.
FATHER
Flag icons indicate that the entity has been sanctioned by that country
Pyotr Fradkov
Mikhail Fradkov
Former Russian Prime Minister
and Spy Chief
CEO &
CHAIR
Accused of rampant election meddling in Moldova
FORMER HEAD
Promsvyazbank (PSB)
Russian State-Owned Bank
Ilan Shor
Moldovan Oligarch
VEB.RF
Russian State Bank/Lender
51% OWNER
49% OWNER
FINANCES
HOLDS
RUBLE-BACKED
RESERVES
A7 LLC
Cross-Border Payment Platform
Garantex
Crypto Exchange
MANAGES
SUCCESSOR
Old Vector LLC
Kyrgyzstan-Based
Grinex
Crypto Exchange
ISSUES
LISTS/TRADES
A7A5
Ruble-Pegged Stablecoin
FORMER
HEAD
SUCCESSOR
VEB.RF
Russian State Bank/Lender
Garantex
Crypto Exchange
Grinex
Crypto Exchange
Mikhail Fradkov
Former Russian Prime Minister
and Spy Chief
FATHER
LISTS/
TRADES
FINANCES
CEO &
CHAIR
HOLDS RUBLE-BACKED RESERVES
Promsvyazbank (PSB)
Russian State-Owned Bank
Pyotr Fradkov
A7A5
Ruble-Pegged Stablecoin
ISSUES
Accused of rampant
election meddling in
Moldova
49%
OWNER
MANAGES
51% OWNER
Flag icons indicate that the entity has been sanctioned by that country
Old Vector LLC
Kyrgyzstan-Based
A7 LLC
Cross-Border Payment Platform
Ilan Shor
Moldovan Oligarch