Russia’s State Duma allowed for the sale of energy resources for bitcoins
Russia may switch to settlements in cryptocurrencies or national currencies because of the inability to conduct transactions in dollars and euros, Deputy Pavel Zavalny stated
24.03.2022 - 13:30
625
1 min
0
What’s new? Head of the State Duma Budget Committee Pavel Zavalny said that Russia can sell energy resources to other states for bitcoins. He added that “unfriendly countries” would pay for supplies in rubles, while for “friendly countries” the Russian Federation can switch settlements to their national currencies (yuan, lira, dinar), Finmarket reports.
Information on the Finmarket website
What does the head of the committee say? Zavalny noted that the issue of switching settlements into rubles for the sale of resources to “unfriendly countries” is relevant. He attributed this to the disruption of the possibility of settlements in dollars and euros because of the Western sanctions. The head of the committee stressed that “unfriendly countries” would be able to buy gas not only with rubles but also with gold. Zavalny added:
“As for “friendly countries” such as China or Turkey, which are not involved in this sanctions pressure. We have been proposing to China for a long time, and measures have been taken, to switch to settlements in national currencies for rubles and yuan. [...] The currency can be different and this is normal practice. If will be bitcoins, we will trade in bitcoins. This is absolutely normal practice.”
What had happened before? On February 21, the Ministry of Finance of the Russian Federation submitted a draft federal law “On Digital Currency” to the government. It prescribes the norms of the previously approved concept of regulating the cryptocurrency market.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 898
BTC
-0.12%
-
Ethereum
$3 351.89
ETH
-0.58%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.54
XRP
+10.51%
-
Dogecoin
$0.463031
DOGE
+17.82%
-
Cardano
$1.09
ADA
+23.66%
-
Stellar XLM
$0.434694
XLM
+53.01%
-
Polkadot
$7.51
DOT
+20.89%
-
Bitcoin Cash
$538.11
BCH
+8.8%
-
Litecoin
$102.88
LTC
+14.35%