The Kyrgyz crypto company TengriCoin has been hit with EU sanctions for transactions involving A7A5

As part of its 20th package of sanctions against Russia, the European Union has added TengriCoin, a company registered in Bishkek, to its sanctions list. The decision was based on transactions related to the Meer platform and the A7A5 stablecoin.

According to the decision published in the Official Journal of the EU, TengriCoin is identified as the operator of the Meer platform—a major marketplace for trading A7A5. The document states that this stablecoin is backed by funds held at Promsvyazbank and that, in the EU’s assessment, such a mechanism contributes to supporting the Russian state-owned financial institution. The date of the company’s inclusion on the sanctions list is April 23, 2026.

The justification also states that TengriCoin, in the EU’s view, “supports and benefits from the government of the Russian Federation,” and is associated with the companies A7 and Old Vector, which are involved in the issuance of A7A5.

At the same time, the company operates within the regulated framework of Kyrgyzstan. TengriCoin has held a license from the Financial Supervisory Authority to operate as a cryptocurrency exchange since December 31, 2024. According to open government sources, in 2025 the company paid 9,744,800 soms in taxes and mandatory payments to the budget.

We should add that the annex to the sanctions package states that, as of November 25, 2025, A7A5 has been included in the list of crypto assets subject to EU restrictions.