Israeli-Born Oligarch Ilan Shor Linked to Russia's $14 Billion Sanctions-Evading Network
Summarized from Ynetnews by baba
Israeli-born oligarch Ilan Shor is reportedly behind Russia's A7 payment network, which has processed over $14 billion in cash since the Ukraine invasion. The U.S. Treasury sanctioned A7, accusing it of evading sanctions and supporting Iran's Islamic Revolutionary Guard Corps and Hamas. Shor, convicted in Moldova for a $1 billion bank theft, fled to Israel before moving to Russia. The revelations coincide with Israeli Prime Minister Benjamin Netanyahu's calls for Israel to prepare for potential international sanctions.
The story in 5 lines · by baba
- Israeli-born oligarch Ilan Shor leads Russia's A7 payment network, processing over $14 billion in cash.
- The U.S. Treasury sanctioned A7, accusing it of evading sanctions and supporting Iran and Hamas.
- A7 allegedly uses cash brokers and offshore companies to bypass conventional banking channels.
- Shor was convicted in Moldova for a $1 billion bank theft and fled to Israel in 2019.
- The network's activities are revealed as Israel's PM Netanyahu prepares for potential sanctions.
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