Russia, Reuters and cryptocurrencies

Russia uses cryptocurrencies for oil trade with China and India – Reuters
Russia uses cryptocurrencies in oil trade with China and India to evade Western sanctions, informs Reuters. Some Russian oil companies use Bitcoin, Ethereum, and stablecoins such as Tether to facilitate the conversion of Chinese yuan and Indian rupees into Russian rubles,
Russia leans on cryptocurrencies for oil trade, sources say
Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources with direct knowledge of the matter. While Russia has publicly encouraged the use of crypto and last summer passed a law to allow digital currency payments in international trade,
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.
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.
US tightens grip on Russian oil trade, sanctions bite
The administration of U.S. President Donald Trump has not extended the sanctions waiver that allowed transactions with Russian banks related to trading Russian energy carriers. The decision to terminate this loophole was made by Joe Biden's administration and it expired on Tuesday.
Russia uses crypto in Chinese and Indian oil trade
Russia is using cryptocurrencies in its oil trade with China and India to dodge Western sanctions, Reuters reports citing unnamed sources. As reported by bne IntelliNews, Russia passed legislation on crypto mining in August 2024,
The Diplomat10h
China’s Growing Concerns Over India-US Relations
Beijing wants to believe that friction with Trump will push India toward China. That’s a flawed assumption – but one that ...
The Print on MSN2d
Russia-India-China axis? Russian academic sees future where the trio reshapes global power dynamics
Kirill Babaev argues that a Russia-India-China front could reshape Eurasia, boost economies & reduce US dominance—but only if ...
Exclusive: US intel shows Russia and China are attempting to recruit disgruntled federal employees, sources say
Foreign adversaries including Russia and China have recently directed their intelligence services to ramp up recruiting of US ...
Diffusing Ukraine war: US-Russia reset will help India, save Putin from Xi’s hand
Defusing the Russia-Ukraine war is in the strategic interest of India. The sanctions slapped on Russia by the US, under its ...