Breaking News

Russia 🇷🇺 Reportedly Using Crypto for Oil Trades with China 🇨🇳 and India 🇮🇳

Russia is allegedly using Bitcoin and other cryptocurrencies to bypass Western sanctions, facilitating oil exports to China and India. This move signals a shift toward decentralized assets in global trade. (Source: Bitcoin Magazine)

No Official Statements: Russia, China, and India have stayed silent on crypto’s role in these trades. Western regulators are watching closely for potential sanctions evasion.

Russia-India Trade Growth: Trade between Russia and India rose 8.6% to $64.5 billion in the first 11 months of 2024. Indian officials haven’t linked this growth to crypto transactions. (Source: NewsBTC / Indian Government Statistics)

Story still developing.

#Russia #China #India

Source: Bitcoin Magazine

image created by bing