Russian Oil Firms Turn to Cryptocurrency to Outsmart Sanctions
Sanctions evasion proves increasingly complex for Russian firms. According to insights from a blockchain analytics firm, these companies explore Bitcoin and Ethereum. Blockchain capabilities offer an avenue to bypass restrictions. The innovative approach suggests a shift in operations, highlighting the growing intertwining of crypto and traditional markets. Experts emphasize due diligence and risk assessments amidst evolving regulations. This adaptation may reshape the landscape for international transactions and energy dependence.