Russia goes crypto in oil trade with China and India

Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India
Russia is turning to bitcoin and crypto to facilitate oil trades with China and India, circumventing sanctions imposed on Ukraine.
Russia using Bitcoin, USDt for oil trades with China and India: Report
Russian oil companies have been using Bitcoin and Tether USDt to handle international oil trade with China and India, according to a new report.
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 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.
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 Crypto in Chinese and Indian Oil Trade – Reuters
Russia is using cryptocurrencies in its oil trade with China and India to dodge Western sanctions, Reuters reported Friday, citing four sources with direct knowledge of the matter. Russia passed crypto mining legislation in August 2024,
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