Russian companies use cryptocurrencies such as Bitcoin and USDT to facilitate international trade with China and India, according to a Reuters report.
Russian oil companies use crypto assets such as Bitcoin (Btc) and USDT by Tether (USDT) to speed up international trading, reuters reported On March 14, citing four resources with direct knowledge of this matter.
A Russian oil businessman has reportedly conducted tens of million dollars worth of monthly transactions using digital assets, according to a resource that spoke on the condition that was not identified because of an agreement that was not disclosed.
While the Russian finance minister publicly declared that Russia is free to use possessions like Bitcoin In foreign trade in late 2025, the use of crypto in oil transactions along with China and India has not been reported previously.
Russian oil trade in crypto: How does it work?
According to Reuters, the Russian foreign oil trading process in crypto involves middlemen that manage accounts offshore and facilitate local consumer currency transactions.
An example includes a Chinese oil buyer of Russian oil paying a trading company acting as a middleman to Yuan in an offshore account.
The Middleman then converted payments to crypto assets and transferred it to another account, which then sent it to a third account in Russia and changed it to Russia’s rubles, resources said.
Crypto will be used no matter what penalty
According to one of Reuters’ sources, crypto is likely to continue to use Russia’s foreign oil trading even if there are penalties in place and even the penalties are raised, and Russia is free to regenerate the dollar.
“This is a convenient tool and helps operate operations faster,” said the report, citing the source.
The news came amid Bank of Russia officer suggests to legalize cryptocurrency investment For individuals with high nets, with at least $ 1.1 million in security and deposits.
This is a story development, and further information will be added as it is available.
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