Cryptocurrency exchange added to UK sanctions list against Russia

The sanctions include Leonid Shumakov, the HEAD of the A7A5 project for a ruble-pegged stablecoin, the Grinex crypto exchange, the Kyrgyz Kapital Bank and its chairman of the board

The UK has expanded its sanctions list by eight items as part of restrictions against RUSSIA, according to data on the government website.

Three individuals and five organizations were affected by the measures. Among them are the Grinex crypto exchange registered in Russia and Kyrgyzstan, the Kyrgyz Kapital Bank, the companies TengriCoin and Old Vector from Bishkek. The latter is the issuer of the ruble stablecoin A7A5, launched in Kyrgyzstan (A7 was launched by the Russian bank PSB in 2024 , in July the EU imposed sanctions against the platform ).

Among the individuals on the sanctions list was the head of A7A5 Leonid Shumakov. Also on the list are Zhanyshbek uulu Nazarbek (according to the Ministry of Justice of Kyrgyzstan, he heads the JSC "Trading Company of the Kyrgyz Republic") and the chairman of the board of Kapital Bank Kantemir Chalbaev.

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The Luxembourg investment fund Altair Holding SA was also subject to restrictions. The company invests in innovative companies in structurally developing markets, RBC Petersburg reported.

The last time the British authorities announced an expansion of anti-Russian sanctions was last month. For example, on July 18, 22 people were hit, including Crimean Prime Minister Yuriy Gotsanyuk.

Russian authorities consider the measures illegal and demand their repeal. The Kremlin noted that the country, against the backdrop of Western restrictions, has already "acquired a certain immunity" and "adapted to life under sanctions."

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