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See Zs being displayed by Russian forces.
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See Z is not part of Cyrillic script.
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Nobody seems to agree on what Z even represents.
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See letter being cancelled for its implied associations just like what happened here.
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Dig on history of letter Q to find similarities.
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Cursive Q looks like a big number "2".
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What other letter looks like a "2".
You are now here.
Z is Zorro, the masked hero Z is impedance Z is the vertical axis Z is a statistical measurement Z is the matrix, the diagonal elements of which are negative numbers Z is a way of representing a system of atoms Z signifies the last (i.e. Omega)
So many uses. And yet none really make sense to me.
It could simply be derived from "За победу"; for victory.