Russia Mulls Over Accepting Crypto For Oil Payments

Russia Mulls Over Accepting Crypto For Oil Payments

OilPrice.com

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Russia is considering digital currencies as one of its accepted means of payment for oil and gas, the BBC has reported, citing a Russian lawmaker. According to Pavel Zavalny, head of the parliamentary energy committee, friendly countries that buy oil from Russia could pay in their local currencies or in cryptocurrencies. For the unfriendly ones, President Vladimir Putin said earlier this week that Russia will demand payment for gas in rubles. China and Turkey were among the friendly countries that could switch to local currencies, Zavalny also…

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