Kremlin-backed

Kremlin-backed refers to entities, such as companies or financial networks, that receive support, funding, or direction from the Russian government or its affiliated groups. These entities are often involved in activities that serve Russian geopolitical or economic interests, sometimes including sanctions evasion or illicit financial operations.

Why it’s in the news: It is in the news due to its alleged involvement in facilitating financial transactions for sanctioned entities like Iran and operating large-scale money laundering networks.

Latest on Kremlin-backed

• US sanctions Kremlin-backed fintech A7 for allegedly assisting Iran
• Rosneft billions fed Kremlin-backed money laundering network
• Kremlin-backed forgery scheme moved $6.9bn through global banks

Connections

3 entities linked to Kremlin-backed across the news graph.