The governor of Russia’s Central Bank said that they looking to use crypto for international trade but would prohibit their use in the state.
However, some global financial institutions argue that using digital assets to bypass sanctions won’t be an easy task for Russia.
Ever since the Ukraine invasion, Russia has been facing tough sanctions from the West and thus, it is now preparing a draft law that allows the use of digital assets for international settlements. Besides, this could also be part of Russia’s plans to reduce its dependence on the use of US Dollars as allies like China have also joined the race.
As per the latest report, the Central Bank of Russia (CBR) is weighing the possibility of using digital currency for settlements in international trade. During her recent meeting with the lawmakers in the State Duma, the lower house of the Russian parliament, CBR Governor Elvira Nabiullina said that the central bank is actively working with Turkey in establishing new paymen

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