The UK government issued a new round of Russian sanctions on May 26, adding GLOBAL S.A. to the sanctions list as a related entity—an entity that has already been renamed—to be sanctioned on the grounds that it is suspected of providing financial services, funds, or economic resources through A7 LIMITED LIABILITY COMPANY. This sanction is part of the UK’s efforts to crack down on Russia’s sanctions-evading network. The targets also include crypto trading platforms such as Garantex Europe OU, banks, and related companies. According to Elliptic, this is the first time the UK has imposed sanctions of this type on a crypto exchange under the relevant regulations. In February, the UK FCA had already initiated legal proceedings against it over its alleged publication of illegal financial promotional content. It is a member of the Global Advisory Committee. (The Block)