Russian companies started conducting international transactions using bitcoin and other digital currencies, following legislative changes allowing such payments.

Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.

The Russian government has been a historic opponent of bitcoin, banning its use for domestic payments, but has recently come to see the potential benefits of virtual currencies for evading U.S. and Western sanctions.

Bitcoin’s adoption comes alongside the introduction of Russia’s digital ruble. While both initiatives aim to diversify the country’s monetary tools, Bitcoin’s role in international trade positions it as a viable alternative to fiat currency, especially in regions where traditional banking systems are less accessible.

The finance minister of the aggressor country of russia, Anton Siluanov, confirmed in a television interview that russian companies are using Bitcoin to

Russia has begun using Bitcoin and other digital currencies for international trade. This move follows legislative changes aimed at countering Western sanctions. The shift aligns with US President Joe

Russia is now using Bitcoin and other cryptocurrencies for international trade, according to Finance Minister Anton Siluanov.

Russia is expanding the use of Bitcoin in foreign trade to bypass sanctions, as confirmed by Finance Minister Anton Siluanov.

Ukraine has announced "sanctions and other solutions" to block Russia's unwanted cryptocurrency payments. Source: Vladyslav Vlasiuk, Advisor to the president of Ukraine and Commissioner for Sanctions Policy Details: Vlasiuk recalled that Russian companies started using Bitcoin and other digital currencies for international payments after changes in legislation allowed such transactions in order to counter Western sanctions.

Russia has allowed the use of Bitcoin and other digital currencies in international payments to counteract Western sanctions. Source: Reuters, citing Russian Finance Minister Anton Siluanov, as reported by Mezha Media,