PANews|Oct 16, 2026 11:33
[Russian First Deputy Prime Minister Manturov Appointed Chairman of A7 Supervisory Board, Finance Minister Siluanov and Others Join]
According to Interfax, Russian First Deputy Prime Minister Manturov chaired the inaugural meeting of the A7 Supervisory Board and was appointed as its chairman. Finance Minister Siluanov, Energy Minister Tsivilyov, PSB Chairman Pyotr Fradkov, A7 CEO Ilan Shor, and heads of several ministries attended the meeting. The Supervisory Board serves as an advisory body and will discuss the development of international settlements and the stability of settlement infrastructure.
A7 was established in the fall of 2024, with Russia's state-owned bank PSB holding a 49% stake and Ilan Shor holding 51%. It provides cross-border settlement services for Russian importers and exporters and has previously been sanctioned by the U.S. and the U.K. A7 itself has not yet announced the establishment of the Supervisory Board.
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