Russia plans to follow Iran’s example and use cryptocurrencies to circumvent sanctions

The prime minister of the occupying country said that Russia may soon follow Iran’s example by using cryptocurrencies for imports. «The introduction of digital assets is necessary as a 'safe alternative' for cross-border payments,» Russian Prime Minister Mikhail Mishustin said at a strategic session on the development of the domestic financial system on Tuesday.

The head of the Russian government also pointed out the importance of ensuring independent technical infrastructure and cybersecurity of financial institutions. «We need to intensively develop innovative areas, including the introduction of digital assets. This is a safe alternative that can guarantee uninterrupted payment for the supply of goods from abroad and for export,» the official said.

Mishustin’s remarks came shortly after the Iranian Ministry of Mining and Trade approved the use of cryptocurrencies for imports.

As a reminder, in mid-August, the terrorist-sponsoring country announced its intention to create a digital ruble. The central bank expects that the digital ruble will also increase the availability of financial services and optimize cross-border payments.