Russia goes crypto in oil trade with China and India

Defiant Russia Exploits Crypto Route to Trade with BRICS Countries to Evade Sanctions
Russia has started using cryptocurrencies to sell oil to China and India as a way to get around Western sanctions. These sanctions, mainly imposed by the U.S. and Europe, limit Russia’s access to global banking systems.
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.
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 goes crypto in oil trade with China and India: report
Russia is using cryptocurrencies in its oil trade with China and India to bypass Western sanctions. This is according to a report from Reuters published on March 14, and which cited multiple sources in the know regarding the matter.
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,
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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