YLRAE
Russian crypto transactions in foreign trade exceed $12 billion this year
Crypto payments between Russia and its partners in trade this year are approaching 1 trillion rubles in fiat equivalent, revealed a high-ranking official in Moscow.
The assessment comes less than a year after President Putin gave the nod to cross-border settlements in cryptocurrency to help Russian companies circumvent Western sanctions.
Penalties imposed over his invasion of Ukraine have seriously restricted Russia’s access to global finances and limited its options to make payments through traditional financial channel
Crypto payments between Russia and its partners in trade this year are approaching 1 trillion rubles in fiat equivalent, revealed a high-ranking official in Moscow.
The assessment comes less than a year after President Putin gave the nod to cross-border settlements in cryptocurrency to help Russian companies circumvent Western sanctions.
Penalties imposed over his invasion of Ukraine have seriously restricted Russia’s access to global finances and limited its options to make payments through traditional financial channel

