A cryptocurrency associated with Russia's sprawling state defense corporation has quietly launched just as the European Union targets Russian crypto markets with further sanctions. Blockchain data reviewed by Kyiv Independent suggests that ruble token RubX, announced by Rostec last year, soft-launched on July 17. RubX joins A7A5, operated by Russia's Promsvyazbank (PSB), a key financial institution catering to the country's defense sector, as Russia's second ruble stablecoin. That wallet, according to blockchain analysis tool Arkham, currently holds 8.88 billion RubX tokens, or approximately $110 million. Kyiv Independent contacted Finzy for comment but did not receive a response.