The restrictions apply to 33 organizations, nine individuals, and 35 vessels of Russia’s shadow fleet. Garantex had previously been sanctioned by the US, the EU, and other jurisdictions. The platform is the backbone of trading in the ruble-pegged stablecoin A7A5. According to CertiK, from February 2025 to May 2026, transactions totaling $110 billion were processed through it.
As of October 1, Russia has allowed salaries and social benefits to be paid in digital rubles. In particular, an unspecified number of employees at the country’s Finance Ministry have already received their first payments.