Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters
While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions.
Russia leans on cryptocurrencies for oil trade, sources say
Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources with direct knowledge of the matter.
Russia bypassing US sanctions with cryptocurrencies in oil trade
Russia is reportedly utilizing cryptocurrency and stablecoins in its oil trade with China and India to skirt sanctions from Western countries. Russia publicly encouraged the use of cryptocurrencies and passed a law allowing digital currencies last year.
Russia Using Crypto in Chinese and Indian Oil Trade – Reuters
Russia is using cryptocurrencies in its oil trade with China and India to dodge Western sanctions, Reuters reported Friday, citing four sources with direct knowledge of the matter. Russia passed crypto mining legislation in August 2024,
Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India
Russia is turning to bitcoin and crypto to facilitate oil trades with China and India, circumventing sanctions imposed on Ukraine.
Russia Turns to Crypto for Oil Trade with India and China Amid Sanctions, Sources Reveal
Russia is using Bitcoin, Ethereum, and Tether in oil trade with China and India to bypass sanctions, following a growing global shift toward crypto.
Russia using Bitcoin, USDt for oil trades with China and India: Report
Russian oil companies have been using Bitcoin and Tether USDt to handle international oil trade with China and India, according to a new report.
Russia Ditches the Dollar and Turns to Bitcoin for Oil Trade with China and India
Russia isn’t waiting around for financial restrictions to ease. According to Reuters, Russian oil companies are sidestepping global
Russia uses crypto in Chinese and Indian oil trade
Russia is using cryptocurrencies in its oil trade with China and India to dodge Western sanctions, Reuters reports citing unnamed sources. As reported by bne IntelliNews, Russia passed legislation on crypto mining in August 2024,
Russia using cryptocurrency in oil trade with China, India to bypass sanctions, Reuters reports
The cryptocurrency scheme currently represents a small fraction of Russia's $192 billion annual oil trade, according to the International Energy Agency, but its usage is reportedly increasing.
US tightens grip on Russian oil trade, sanctions bite
The administration of U.S. President Donald Trump has not extended the sanctions waiver that allowed transactions with Russian banks related to trading Russian energy carriers. The decision to terminate this loophole was made by Joe Biden's administration and it expired on Tuesday.
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Bank of Russia’s elite crypto regime: Trading restricted only to millionaires?
The Bank of Russia’s proposal restricts cryptocurrency trading to a select group of elite investors. To qualify, individuals ...
After Vladimir Putin Said 'Nobody Can Ban Bitcoin', The Bank Of Russia Is Looking To Allow Crypto Purchases
The Bank of Russia has proposed allowing a limited group of qualified investors to purchase and sell cryptocurrencies under a ...