Russia is using Bitcoin, Ethereum, and Tether in oil trade with China and India to bypass sanctions, following a growing global shift toward crypto.

Russia uses crypto for oil payments with China and India, bypassing sanctions. Digital currencies reshape global trade.

While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions.

Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources with direct knowledge of the matter. While Russia has publicly encouraged the use of crypto and last summer passed a law to allow digital currency payments in international trade,