Russian State Defense Bank
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Under comprehensive U.S., UK, and EU sanctions since February 2022
Ukraine first passed sanctions legislation in 2014 after Russia annexed Crimea. Twelve years and a full-scale invasion later, Kyiv is now targeting something the West largely missed: the cryptocurrency networks and third-country shell companies that funnel billions of dollars to Russian missile factories. On February 8, 2026, President Zelenskyy signed decrees sanctioning 128 individuals and 97 legal entities—including the A7 crypto ecosystem, which Ukrainian officials say processed billions for weapons procurement.
Updated Feb 8
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