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EU considers sanctioning Russian-backed stablecoin A7A5

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October 7, 2025

The EU is currently considering placing sanctions against A7A5, a Russian stablecoin backed by the ruble. This is the largest non-USD backed stablecoin, according to a report by Coin Telegraph.

Since Russia's invasion of Ukraine in February 2022, it has been subject to many sanctions from Western countries. Russia has utilized cryptocurrency as a way to evade Western sanctions, which led to the EU blocking all transactions to Russia from cryptocurrency platforms.

The A7A5 stablecoin was first launched in February 2025 on the Ethereum and Tron networks and is operated by Promsvyazbank.

In order to officially sanction the stablecoin, all 27 member countries will need to approve it. In addition, the EU is also proposing sanctions at multiple banks in Central Asia and Belarus for allegedly using cryptocurrency operations to bypass sanctions, such as the Capital Bank of Central Asia, which has already been sanctioned by the U.S. and U.K.