Russia, Bitcoin

Russia is using bitcoin in foreign trade, finance minister says
Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.
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 uses Bitcoin to circumvent sanctions
The finance minister of the aggressor country of russia, Anton Siluanov, confirmed in a television interview that russian companies are using Bitcoin to
Russia begins using bitcoin in payments amid Western sanctions
Russian companies started conducting international transactions using bitcoin and other digital currencies, following legislative changes allowing such payments.
Russia embracing bitcoin in bid to bypass sanctions as Biden plans more before Trump comes in
Russia has begun using Bitcoin and other digital currencies for international trade. This move follows legislative changes aimed at countering Western sanctions. The shift aligns with US President Joe
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 uses Bitcoin for international payments – Reuters
Russia has allowed the use of Bitcoin and other digital currencies in international payments to counteract Western sanctions. Source: Reuters, citing Russian Finance Minister Anton Siluanov, as reported by Mezha Media,
Russia Begins Using Bitcoin for Foreign Trade, Finance Minister Confirms
Russia is now using Bitcoin and other cryptocurrencies for international trade, according to Finance Minister Anton Siluanov.
Putin follows Trump’s bitcoin embrace. Can crypto help Russia evade sanctions?
The Russian government has been a historic opponent of bitcoin, banning its use for domestic payments, but has recently come to see the potential benefits of virtual currencies for evading U.S. and Western sanctions.
Ukraine promises sanctions in response to Russia's use of Bitcoin in international trade
Ukraine has announced "sanctions and other solutions" to block Russia's unwanted cryptocurrency payments. Source: Vladyslav Vlasiuk, Advisor to the president of Ukraine and Commissioner for Sanctions Policy Details: Vlasiuk recalled that Russian companies started using Bitcoin and other digital currencies for international payments after changes in legislation allowed such transactions in order to counter Western sanctions.
Is Russia planning to replace the US dollar with Bitcoin?
Bitcoin and BRICS are considered to be helpful for reducing Russian dependence on the US dollar. Russia began international dealings through Bitcoin. Russia trusts digital currencies to make inter-nation trade easier in ways that can protect it from US sanctions and give greater control over global trade with and over the US dollar.
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