Kremlin-linked A7 processes $14B in cash via Moscow markets, ICIJ finds

ICIJ and Project report that A7, a payment system tied to Russian state defense bank PSB, processed at least 283 tons of cash rubles ($14B+) from Nov 2024 to Jul 2025, largely via Moscow markets like Sadovod. This confirms and quantifies a known pattern of using markets for crypto exchange, but the scale suggests significant sanctions-evasion infrastructure. The finding is based on investigative reporting, not official data, so exact figures remain uncertain.

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