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      Russia's First Deputy PM Manturov Chairs A7 Supervisory Board, Finance Minister Siluanov and Others Join

      PANews reported on October 16, citing Interfax, that Russia's First Deputy Prime Minister Manturov chaired the first meeting of the supervisory board of the cross-border settlement system A7 and assumed the role of supervisory board chairman. Finance Minister Siluanov, Energy Minister Tsivilev, PSB Chairman Pyotr Fradkov, A7 CEO Ilan Shor, and heads of several ministries attended the meeting. The supervisory board is an advisory body that will discuss the development of international settlements and the stability of settlement infrastructure. A7 was established in the autumn of 2024, with Russian state-owned bank PSB holding 49% and Ilan Shor holding 51%. It provides cross-border settlement services for Russian importers and exporters and has previously been sanctioned by the US and UK. A7 itself has not yet announced the establishment of the supervisory board.


      Source: PANews
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud