Washington has imposed restrictions on the payment platform, accusing it of helping Tehran evade sanctions
Russian fintech company A7 has “categorically” rejected US accusations linking it to Iran and terrorist groups, calling the claim a “blatant lie and slander.”
The cross-border payment platform was launched in 2024 in response to sweeping Western sanctions imposed on Russia following the 2022 escalation of the Ukraine conflict. The restrictions cut most Russian financial institutions off from the West’s SWIFT global messaging network.
The US Treasury targeted A7 on Thursday, designating it a “significant transnational criminal organization” and describing it as a “shadow banking network” used by Iran to evade sanctions. Washington alleged that A7-linked entities facilitated transactions involving the Iranian government, the Islamic Revolutionary Guard Corps (IRGC), and Iran-backed groups designated as terrorist organizations by the US.
“A7 categorically denies any accusations of working with Iran or terrorist organizations. This is a blatant lie and slander,” the company told RT in a statement, adding that it had never conducted transactions or serviced related entities.
The new US measures “do not affect” A7’s operations, the company added.
Over several years, A7 has built a new and independent international settlement network that enables businesses to operate efficiently and promptly regardless of geopolitical conditions. Sanctions against us are precisely recognition of this efficiency.
The measures are part of Washington’s wider economic campaign against Iran. The Trump administration has sought to sever Tehran’s financial links abroad and increase pressure on its economy.
The effort has coincided with a US blockade of Iranian ports as the ongoing conflict continues to disrupt energy markets. Traffic through the Strait of Hormuz, which carried around a quarter of the world’s seaborne oil before the February 28 US-Israeli attack on Iran, remains disrupted. Global fuel prices have also faced pressure from Russia’s extended diesel export ban amid the Ukraine conflict.
The action against A7 comes just weeks after US President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act into law. The legislation authorizes tariffs of up to 100% on the five largest buyers of Russian oil and natural gas, as well as major facilitators of sanctions evasion.
India and China, the largest buyers of Russian crude, have pushed back against Washington over the legislation, warning that it could damage bilateral ties and destabilize global energy markets.
