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Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters Coindesk 14 Mar 2025

Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters 🛢️

Russia is exploring the use of cryptocurrency as an alternative means to bypass Western sanctions in the oil trade. While fiat currencies continue to be the primary method, crypto is being recognized for its convenience and flexibility in facilitating transactions. Reuters reports that this strategy aims to circumvent stringent sanctions imposed by Western countries.

Source: www.coindesk.com ↗

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