Kremlin-linked A7 network moved $6.9B via global banks, evading sanctions

FT reports that the Kremlin-linked A7 cross-border payment system processed over $6.9 billion through Standard Chartered, Citigroup, and other international banks, using forged documents and shell companies to bypass sanctions. Some payments were tied to military goods and Russian security forces. This reveals a significant sanctions evasion channel, though the full scope and bank complicity remain unclear.