Zelensky imposes sanctions on financial intermediaries of Ilan Shor's A7 network

Volodymyr Zelensky has imposed sanctions on the financial intermediaries of the A7 network, which belongs to fugitive Moldovan oligarch Ilan Shor.

Details of payment routes

As reported by the Financial Times, A7 used complex international schemes to circumvent restrictions. A British fintech, Wooshpay (Swooshtransfer Ltd), appears in the payment documents. According to the publication, one of the transfers was disguised as an invoice for fabric for the production of cashmere items.

An analysis of payment flows showed that the A7 network used payment routes to China and Hong Kong. Specifically, transactions were processed through Zhejiang Chouzhou Commercial Bank.

Core of the financial infrastructure

The British corporate registry indicates that the directors of Swooshtransfer are Chinese citizens Zhiguo Ma and Xuxi Du.