Ukraine Sanctions Crypto Exchanges and A7 Shadow Bank Network Over Russian Sanctions Evasion

Published October 12, 2026, 17:45 PKT. Based on the Office of the President of Ukraine’s October 11 announcements and reporting by hromadske and Rubryka.

Ukrainian President Volodymyr Zelenskyy has signed three decrees implementing decisions of the National Security and Defense Council (NSDC) that took effect on October 11, 2026, targeting Russian missile production, sanctions evasion and Russian activity in occupied territories. The financial package covers 28 individuals and 27 legal entities that Ukrainian authorities say helped Russia circumvent financial restrictions, including operators of cryptocurrency exchanges, crypto exchange services, and executives and owners of companies in the A7 shadow banking network. The presidential office announced the measures on October 11.

The 28-plus-27 sanctions package

According to the presidential office, the financial package covers cryptocurrency exchange operators, cryptocurrency exchange services and their managers and owners, alongside executives and owners of A7 network companies. The office said the A7 network publicly offers tools for circumventing financial restrictions, and noted that the United States had previously imposed sanctions on the network. The decrees implementing the NSDC decisions are published on the official presidential website under numbers 1035/2026, 1036/2026 and 1037/2026, according to reporting by Rubryka. A7, a firm already on the U.S. sanctions list, released a ruble-pegged stablecoin in February aimed at cross-border transactions, Decrypt reported.

Missiles and occupied territories round out the three packages

A second package targets 70 employees of Russian defense and chemical companies involved in producing Iskander-M ballistic missiles and Zircon missiles, including engineers, production managers and other key personnel at facilities such as the Votkinsk Plant, hromadske reported. A third package imposes restrictions on 10 individuals, 21 companies and two vessels accused of supporting Russian activities in occupied Ukrainian territories, from financing the war and plundering natural resources to spreading propaganda, the presidential office said. “Everyone who makes missiles used to strike Ukrainian cities must understand: responsibility is personal,” presidential sanctions adviser Vladyslav Vlasiuk said, according to hromadske.

A tightening noose on crypto sanctions evasion

Ukraine’s move lands days after the United Kingdom sanctioned five more crypto platforms, including Cryptomus and TokenSpot, over alleged Russian sanctions evasion on October 8, a story MABOnChain reported at the time. The back-to-back actions point to a coordinated tightening: Kyiv has said it intends to work with international partners to extend the new restrictions beyond its own sanctions list. The financial package also marks one of Kyiv’s largest crypto-focused sanctions actions since the war began, with the crypto exchange operators and A7-linked executives named alongside the missile supply-chain staff.

This article is news reporting and is not investment advice.

Sources

• Office of the President of Ukraine, primary source for the October 11 announcements, the three decrees implementing NSDC decisions (No. 1035/2026, 1036/2026 and 1037/2026), the 28 individuals and 27 legal entities in the financial package, the targeting of crypto exchange operators, crypto exchange services and A7 shadow banking network executives, and the 70 missile engineers and 10 individuals, 21 companies and 2 vessels in the other packages
• hromadske, secondary source for the Iskander-M and Zircon missile details, the Votkinsk Plant facility, and the Vladyslav Vlasiuk quote
• Rubryka, secondary source for the decree numbers and the package breakdown
• tradersunion.com and antikor.info, secondary sources corroborating the sanctions details and the A7 network’s public sanctions-evasion tools