The Kyrgyz authorities revoked licenses and liquidated more than a hundred organizations related to Ilan Shur's A7 company. Special Representative of the President of Kyrgyzstan on Sanctions Policy and Reducing Sanctions Risks in Kit Sidikov announced measures taken against market participants related to the A7 payments company and the A7A5 cryptocurrency. “Preventive measures have been taken against market participants related to A7 and A7A5. The Finnish Supervisory Authority revoked licenses from a number of market participants. The Cabinet of Ministers also made decisions to eliminate several organizations," he said. In total, according to him, as part of the work to reduce the risks of sanctions, until October 20, 2026, the activities of 52 legal entities have ceased, and another 57 companies are in forced liquidation procedures. The tests of other companies are ongoing, government agencies are analyzing the cross-border payments and their final beneficiaries. In addition, as Sadikov said, a draft presidential decree is being developed, which stipulates, among other things, strengthening the filtering of sanctions, determining the responsibility of market participants as well as introducing mechanisms to limit transactions if there are reasons stipulated by law. A7 was created at the end of 2024 by the Moldovan oligarch Ilan Shor with the support of the Russian bank PSB (under US, EU and UK sanctions) as an alternative to the SWIFT system, from which the Russian banks were cut off after the full invasion of Ukraine in 2022. The company claims that about a fifth of Russia's foreign exchange transactions go through it. The Financial Times found that A7 routed more than $6.9 billion through major Western banks, circumventing sanctions.

The Kyrgyz authorities revoked licenses and liquidated more than a hundred organizations related to Ilan Shur's A7 company. Special Representative of the President of Kyrgyzstan on Sanctions Policy and Reducing Sanctions Risks in Kit Sidikov announced measures taken against market participants related to the A7 payments company and the A7A5 cryptocurrency. “Preventive measures have been taken against market participants related to A7 and A7A5. The Finnish Supervisory Authority revoked licenses from a number of market participants. The Cabinet of Ministers also made decisions to eliminate several organizations," he said. In total, according to him, as part of the work to reduce the risks of sanctions, until October 20, 2026, the activities of 52 legal entities have ceased, and another 57 companies are in forced liquidation procedures. The tests of other companies are ongoing, government agencies are analyzing the cross-border payments and their final beneficiaries. In addition, as Sadikov said, a draft presidential decree is being developed, which stipulates, among other things, strengthening the filtering of sanctions, determining the responsibility of market participants as well as introducing mechanisms to limit transactions if there are reasons stipulated by law. A7 was created at the end of 2024 by the Moldovan oligarch Ilan Shor with the support of the Russian bank PSB (under US, EU and UK sanctions) as an alternative to the SWIFT system, from which the Russian banks were cut off after the full invasion of Ukraine in 2022. The company claims that about a fifth of Russia's foreign exchange transactions go through it. The Financial Times found that A7 routed more than $6.9 billion through major Western banks, circumventing sanctions.