The UK government announced a new round of sanctions against Russia on May 26, listing GLOBAL S.A. as a sanctioned entity, which has been renamed to , due to its suspected involvement in providing financial services, funds, or economic resources to A7 LIMITED LIABILITY COMPANY. This sanctions measure is part of the UK's efforts to combat Russia's sanctions evasion network, targeting also include crypto trading platforms such as Garantex Europe OU, banks, and related enterprises. According to Elliptic, this is the first time the UK has imposed such sanctions on a crypto exchange under relevant regulations. The UK FCA had already initiated legal proceedings in February against it for allegedly issuing illegal financial promotional content. Member of the Global Advisory Committee. (The Block)