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175 new news items in the last 24 hours
8 July 19:41

Russian companies are adopting alternative methods, such as gold and cryptocurrencies, to facilitate international payments in the context of sanctions.

Raluca Niculae
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International
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Yuri Chikhanchin, the head of Russia's Federal Service for Financial Monitoring, said Russian firms are successfully using offsets, gold and cryptocurrencies to make international payments, especially in the context of US sanctions. These methods have emerged in response to stagnating trade payments with key partners such as China and India. Clearing allows payments to be handled through verified agents, and gold is increasingly used in transactions. A new crypto transaction monitoring system, developed with the Central Bank, will also be operational by 2025.

Sources

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Economica
Un oficial rus descrie modul în care Moscova evită cu succes sancțiunile economice occidentale. Aurul și criptomonedele se numără printre ele - Economica.net
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Stiripesurse
Cum trișează companiile ruse: metodele secrete pentru a evita sancțiunile financiare
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Russia cryptocurrency Payments

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