US sanctions: Russian company A7 designated as criminal organization

The US Treasury Department's Office of Foreign Assets Control (OFAC) has added Russian financial services company A7 to its list of international criminal organizations.

As a result of this designation, the company is now subject to economic sanctions aimed at restricting its operations and its access to the international financial system.

Context

The move is part of Washington's broader policy of targeting participants in Russia's economic and financial sector, as the US continues efforts to limit Russia's ability to finance its activities on the international stage.