Russia Turns to Bitcoin: A New Era of Sanction-Proof Trade?

WooGlobe

Facing crippling sanctions, Russia is turning to cryptocurrency to keep its global trade alive. With Bitcoin now fully legal for international payments in Russia, President Putin has embraced it as a compelling alternative to traditional finance. Once hesitant, Moscow is now leading a crypto revolution to bypass sanctions, with businesses already leveraging Bitcoin and other digital currencies. As Bitcoin hits record highs, could this be the future of global trade? Dive into Russia’s pivot to crypto and what it means for international commerce. Location: London WooGlobe Ref : WGA315679 For licensing and to use this video, please email licensing@wooglobe.com

Transcript

00:00Russia has found a new player in the world of international trade—cryptocurrency.

00:04Faced with crippling sanctions,

00:07Moscow is turning to Bitcoin and other digital currencies to keep its global trade alive.

00:12But how is this working? Let's break it down.

00:15President Vladimir Putin himself has called Bitcoin a compelling alternative.

00:20This marks a big shift.

00:22Just two years ago, Russia's central bank wanted to ban crypto.

00:26But now, it's fully legal to mine and use it for international payments.

00:31Here's why this matters.

00:32Major banks in countries like China, Turkey, and the UAE have cut ties with Russian payments.

00:38Add frozen foreign reserves to the mix, and it's clear Russia needed a new way to trade—fast.

00:44Enter Bitcoin, now trading near $98,000 after a record-breaking year.

00:50Russia's finance minister confirmed businesses are already using crypto to bypass sanctions.

00:55And this trend is only set to grow in 2025.

00:59Putin put it best.

01:01Who can prohibit Bitcoin?

01:02No one.

01:03Is this the future of global trade?

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