Russia’s Hottest Startup Is a State-Backed Sanctions-Evasion Network
Reported by Alexander Osipovich (Summary shared below. To read full report, go to: https://www.wsj.com/world/russia/russias-hottest-startup-is-a-state-backed-sanctions-evasion-network-7afc488c?mod=mhp) A7, a Russian payment network launched less than two years ago, has rapidly become an important channel for moving money into and out of Russia despite Western sanctions. The company says it now handles nearly 20% of Russia’s foreign-trade payments, or […]