Russia sanctions 17-year-old after report on ruble-pegged stablecoin

Alexander Browder, the 17-year-old son of political activist Bill Browder, says he has been targeted by Russia after alleging officials used the ruble-pegged stablecoin A7A5 to evade sanctions linked to the war in Ukraine. His father called him “the first high school student in the world to be sanctioned by an authoritarian regime” over the report.

In a post on X, Browder said his work with the Global Cryptocurrency Laundering Database led to him being “sanctioned by an authoritarian regime for uncovering corruption.” A March report from his team alleged that A7A5 was backed by deposits from Promsvyazbank and was used to circumvent Western sanctions.

“The Ruble-backed stablecoin A7A5 is one of the most prevalent issues facing the West.

Russia

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