Russia and US Tensions Rise as Crypto Becomes Tool in Sanctions Evasion
by aria-crypto.com
March 14, 2025 at 12:41
Russia and US Tensions Rise as Crypto Becomes Tool in Sanctions Evasion
Russia has increasingly turned to cryptocurrencies to circumvent Western sanctions, particularly in its oil trade with China and India. This move involves the use of Bitcoin, Ethereum, and Tether through intermediaries, converting yuan and rupees into rubles with ease. The development comes as Western countries maintain sanctions following Russia's invasion of Ukraine, which disrupted traditional banking relationships. Russia's central bank has been proactive in developing a dedicated crypto infrastructure to support these transactions. Additionally, recent legislative changes now permit the use of cryptocurrencies for international payments, showcasing a strategic embrace of digital currencies to overcome economic barriers. Despite the risks of regulatory pushback, such as potential fund freezes by entities like Tether, Russia is pressing forward, integrating cryptocurrencies more deeply into its economic practices. This trend not only highlights Russia's push to sidestep sanctions but also signals a broader global shift as other sanctioned nations might follow suit. Western sanctions, therefore, are indirectly fostering a new era of crypto-utilization in international trades among sanctioned states.
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