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Russia uses Bitcoin to dodge sanctions in oil trades with China and India

Friday March 14, 2025. 05:05 PM , from BoingBoing
Russia uses Bitcoin to dodge sanctions in oil trades with China and India
Russia is using cryptocurrencies to facilitate oil trades with China and India, helping Moscow dodge Western sanctions in its $192 billion oil trade, Reuters has revealed.
The previously unreported practice involves Russian oil companies using bitcoin, ether, and stablecoins like Tether to convert Chinese yuan and Indian rupees into Russian rubles. — Read the rest
The post Russia uses Bitcoin to dodge sanctions in oil trades with China and India appeared first on Boing Boing.
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https://boingboing.net/2025/03/14/russia-uses-bitcoin-to-dodge-sanctions-in-oil-trades-with-china-an...

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