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Russia, Bitcoin
Russia says it's using bitcoin to evade sanctions
Russian companies are using bitcoin to evade Western
sanctions
, thanks to a new law, the country's Finance Minister Anton Siluanov confirmed in a television interview. Why it matters:
Russia
's economy has been hampered by difficulties in making and ...
Russia using bitcoin in foreign trade to counter Western sanctions
Russian companies have started using Bitcoin and other digital currencies for international payments. This shift follows legislative changes allowing such transactions to counter Western sanctions, reports Reuters,
Russia’s finance minister reveals bitcoin is being used to conduct foreign trade
“As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia, in foreign trade transactions,” Russian Finance Minister Anton Siluanov said in an interview on the Russia 24 television channel.
Russia’s Strategic Shift to Bitcoin for International Trade
Under the weight of stringent international sanctions, Russian companies are increasingly relying on Bitcoin to facilitate trade. Speaking to Reuters on December 25, Siluanov confirmed the active use of BTC by businesses for trade settlements, a method that offers a way to sidestep financial restrictions.
Russia is using Bitcoin for international payments
Russia’s Finance Minister Anton Siluanov has announced that Russian companies have started using Bitcoin and other cryptos for international trade. “Such transactions are already occurring. We believe they should be expanded and developed further,
Yahoo
1d
Biden may impose "serious sanctions" on Russia's energy sector by end of his term – WP
The administration of Joe Biden has been considering the introduction of new "serious
sanctions
" targeting
Russia
's ...
2d
5 important countries for Russia's sanctions-skirting economy
Russia's friends — or frenemies — aren't all pariah states. Some of them enjoy good relations with the West, too.
2d
Switzerland adopts more EU sanctions on Russia and Belarus
Switzerland adopted the latest EU sanctions package on Russia and Belarus, the government said on Monday. The move came one ...
2d
Switzerland joins EU's 15th sanctions package against Russia and restrictions on Belarus
The Swiss government decided to join the European Union's 15th package of sanctions against Russia, which was adopted on 16 ...
2d
on MSN
BMW Staff Smuggled Over 100 Cars To Russia, Despite Sanctions
The automaker says the cars went to Russia through its Hanover branch and that the guilty parties are no longer with the ...
7d
on MSN
US slaps sanctions on companies tied to Nord Stream 2 in bid to squeeze Russia
The State Department re-imposed financial penalties against Russian entities involved in the construction of Nord Stream 2, ...
9d
on MSN
Russia Should Leave Syria Before EU Sanctions Lifted, Dutch Say
The departure of Russia’s military from Syria should be a precondition for lifting European Union sanctions against the rebel ...
Business Insider
4d
Russia's economy has irreversibly turned toward a 'stagnation trap,' think tank says
Russia
's huge spending in the sector is only ... Resources are stretched thin as stagnant oil and gas revenues, coupled with energy
sanctions
, limit budgetary inflows. While tax revenues have ...
12h
on MSN
Raiffeisen Russia court case to continue on Jan. 20
A Russian court case involving a compensation claim against Austria's Raiffeisen Bank International (RBI) will continue in ...
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