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    Russia Turns to Cryptocurrencies for Oil Trade Amid Sanctions Pressure

    Surabh Yadav

    Last updated: March 15, 2025 06:23 PM UTC

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    2 min read

    Russia Turns to Cryptocurrencies for Oil Trade Amid Sanctions Pressure

    In response to Western sanctions, Russia has reportedly increased its use of cryptocurrencies for oil trade, according to industry sources. The shift signals Moscow's growing reliance on digital assets to bypass financial restrictions and maintain energy exports.

    Why Is Russia Using Crypto for Oil Transactions?

    Following its exclusion from the SWIFT payment system, Russia has explored alternative payment methods to sustain international trade. While China and India continue to buy Russian oil using local currencies, crypto transactions provide an untraceable and decentralized option for bypassing Western oversight.

    Key Developments in Russia’s Crypto-Powered Oil Trade

     Increased Crypto Adoption: Energy exporters and traders are using Bitcoin (BTC), Tether (USDT), and other stablecoins for settlements.

     Sanction Evasion Strategy: Cryptocurrencies enable transactions that are harder to track, reducing dependence on traditional financial systems.

     Potential Market Impact: The move could drive higher demand for crypto in global commodity trade, setting a precedent for other sanctioned nations.

    Global Reactions and Future Implications

    While crypto adoption in oil trade provides Russia with a financial lifeline, it raises concerns among U.S. and EU regulators who aim to tighten controls on digital assets linked to sanctioned entities. Meanwhile, analysts believe this trend could reshape the global energy market by promoting decentralized finance (DeFi) solutions for international trade.

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    Author
    Surabh Yadav


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