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Israeli-Born Oligarch Ilan Shor Linked to Russia's $14 Billion Sanctions-Evading Network
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.
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What happened
- 01Israeli-born oligarch Ilan Shor leads Russia's A7 payment network, processing over $14 billion in cash.
- 02The U.S. Treasury sanctioned A7, accusing it of evading sanctions and supporting Iran and Hamas.
- 03A7 allegedly uses cash brokers and offshore companies to bypass conventional banking channels.
- 04Shor was convicted in Moldova for a $1 billion bank theft and fled to Israel in 2019.
- 05The network's activities are revealed as Israel's PM Netanyahu prepares for potential sanctions.
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.
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