Russian oil firms are embracing Bitcoin, Ethereum, and USDT to navigate sanctions. This shift allows them to convert yuan and rupees into rubles, facilitating international trade despite sanctions.

In 2024, Russia’s oil and gas revenues surged by 26%, hitting 108 billion USD. This growth reflects the increasing reliance on cryptocurrencies in international trade.

With new legislation allowing cross-border crypto payments, the use of digital currencies in Russia’s oil trade is expected to persist. However, law enforcement efforts targeting money laundering add complexity to these transactions.