Russian Firms Pivot To Crypto In Global Trade Amid Sanctions – Here’s How

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Russian commodity firms have increasingly turned to cryptocurrency to circumvent financial hurdles posed by international sanctions. With traditional banking channels facing challenges, companies are now leveraging stablecoins, notably Tether (USDT), to facilitate “seamless and swift cross-border transactions” with their Chinese counterparts, as reported by Bloomberg. Major Russian metal producers have primarily adopted this transition, seeking