Bypassing the sanctions by Russia with the help of currency coding
reports Mehr News Agency He approved Ramsar and ended the regulatory for years. The country has tested transboundary Ramsar payments in order to try to eliminate the US dollar in the settlement of international trade.
Russian Central Bank, after initially rejecting the idea of digital currencies, eventually softened its position on using digital currency as a known payment device. This month, the central bank launched a legal framework that allowed “high -end” investors to transaches digital currencies, but refused to recognize digital currencies as common money.
Reuters reports, unknown Russian oil companies use Bitcoin, ether and stubbles such as the Tetra to convert the Chinese yuan and Indian rupee to Russian rubles.
While transactions using Ramsar are still a small part of the entire Russian oil trade, these transactions are reportedly growing. A Russian trader with China can mature tens of millions of dollars a month, a source informed source told Reuters.
Russia has targeted severe US sanctions that have influenced the country’s trade and led to the partnership of Turkish and Chinese banks from Russia in year 6 because of fear of secondary sanctions. The Kremlin has been looking for alternative payment methods, but even changes to China’s yuan is insufficient. The Russian Central Bank, last year, acknowledged that the delay in payments caused by sanctions has become a major challenge for the country’s economy.
US President Donald Trump last week allowed the General Authorization of the Treasury Department’s Foreign Asset Control Office, which previously allowed foreign companies to process energy from Russia through Russian sanctions banks, be rejected.
Given the developments related to sanctions, the payment of Russian energy trade money may be more difficult and increase demand for alternative methods such as Ramsar.
Moscow Times reported at last year’s Brix meeting in Kazan, Russian President Vladimir Putin, the new BrexPP digital system that could be used to transactions between members of this economic alliance. However, analysts say the Ramsar will not come soon.
