As Western sanctions tighten, Russia is considering selling its oil and gas for bitcoin.

in hive-108451 •  3 years ago 

Main points:

  1. As Western countries tighten sanctions, Russia may accept bitcoin as payment for its oil and gas exports.

  2. In a recorded press conference on Thursday, the chair of Russia's Duma committee on energy said in translated remarks that Russia is willing to be more flexible with payment arrangements when it comes to "friendly" countries like China or Turkey.

  3. The buyer's national fiat currency, as well as bitcoin, are being evaluated as alternate means to pay for Russia's energy exports, according to Chair Pavel Zavalny..

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