The UK has taken steps to disrupt payment routes that support Russia's invasion of Ukraine by imposing sanctions on Russian-linked cryptocurrency platforms, banks, and financial networks.
The measures target 'shadow financial systems' used by the Kremlin-backed A7 network for transferring funds and financing procurement. These entities are accused of helping Russia avoid existing restrictions.
The UK has also targeted cryptocurrency exchanges and banks with ties to Russia, including a bank in Kyrgyzstan and companies in Georgia and the UAE, as well as individuals associated with these networks.