🏦 Russia is increasingly using cryptocurrencies like Bitcoin to bypass Western sanctions in oil transactions with China and India. Russian oil firms are utilizing BTC, ETH, and USDT to convert yuan and rupees into rubles.
While traditional currencies still dominate trade, crypto transactions have grown to tens of millions of dollars per month. This trend highlights Bitcoins potential as a tool for evading international financial restrictions.
https://www.reuters.com/business/energy/russia-turns-to-crypto-for-oil-payments-with-china-india-2025-03-14/