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News Explorer — Russian Oil Companies Are Using Bitcoin, Ethereum and Tether to Skirt Sanctions: Experts

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Mar 18, 11:46 am
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Russian Oil Companies Are Using Bitcoin, Ethereum and Tether to Skirt Sanctions: Experts

Russian oil firms are reportedly using cryptocurrencies like USDT, Bitcoin, and Ethereum to bypass Western sanctions and conduct international trade. This method involves converting Chinese yuan and Indian rupees into rubles through crypto transactions, with some traders seeing significant monthly revenues.

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