He also supported President Vladimir Putin’s decision to accept payments in Russian ruble currency for energy exports from other countries. Zavalny told a news conference how Russia would move away from selling natural gas in US dollars and euros. He said, “We are offering China a transaction in national currencies. With Turkey it will be the lira and the ruble. The currency sets may be different. This is a common practice. If it is necessary to trade with bitcoin, we will They will.”
On trade in dollar and euro, Zavalny said, “If euro is difficult to settle trade with Western Europe and other countries then why should we trade in this currency. We are not interested in euro and dollar.” This reaction of Russia has come due to the sanctions imposed on it by Western countries including America. These sanctions have cut Russia’s banks and its big businessmen from the rest of the world. However, most countries in Europe depend on Russian natural gas to meet their energy needs. Because of this, despite US pressure, they are trading with Russia.
Recently Russia’s largest bank Sbernank has been granted permission to issue and exchange Digital Finance Assets (DFA). This means that crypto and NFT holders in Russia will be able to exchange their assets through Sbernank. Russia has been at war with Ukraine since last month and due to this many countries have imposed sanctions on Russia. Because of this, Russia’s economy has become unstable and now it is trying to increase income from crypto. Sbernank says it will conduct DFA transactions in accordance with Russian laws after getting a license from the Bank of Russia. Russian entities will be able to purchase DFA to be issued through Sberbank’s information system. The bank explained that companies will be able to initiate transactions on its blockchain platform after a month.
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