Haciyev Reşit 
Russia has taken a historic step toward legalizing the use of cryptocurrencies in foreign trade. After long-standing negotiations, the Russian Ministry of Finance and the Central Bank of Russia have reached an agreement to establish a legal framework for crypto use in international trade, according to an announcement made by Finance Minister Anton Siluanov.
Cryptocurrencies Enter Foreign Trade
The long-debated issue of using crypto in Russia’s foreign trade will now be formally regulated. Minister Siluanov stated: “A legal framework for the use of cryptocurrencies in foreign trade will be created and officially regulated.”
This decision is seen as one of Russia’s most significant steps to enhance financial independence and reduce the impact of international sanctions.
Siluanov added that Russian companies are already using Bitcoin and other crypto assets on a limited scale in trade, and the new law will formalize and regulate this process.
“We are considering starting trade with Bitcoins mined in our country. The use of crypto in foreign trade will now be regulated by the state.”
— Anton Siluanov, Russian Minister of Finance
From Opposition to Support
For years, Russia maintained a strictly anti-crypto stance. However, following the 2022 invasion of Ukraine and the subsequent SWIFT sanctions and restrictions on dollar access, Moscow was forced to rethink its financial strategy.
Since then, the Russian government has been exploring alternative payment systems, with cryptocurrencies emerging as a key component of this strategy.
While Western nations have accused Russia of using crypto to evade sanctions, Moscow is now bringing the process into a legal framework by officially adopting crypto for foreign trade.
A Message to Asia and BRICS Nations
Experts note that this move carries significant geopolitical and economic implications. Russia’s decision could accelerate similar initiatives among BRICS nations — Brazil, India, China, and South Africa which are already exploring crypto-based alternative payment systems. This development could also signal the emergence of a new Asia-centered financial structure, enabling the broader use of crypto assets in energy, trade, and finance.
The agreement between Russia’s Finance Ministry and Central Bank marks a turning point in the nation’s stance toward cryptocurrencies. With this decision, Moscow aims to transform crypto into a national trade instrument, extending its utility beyond sanctions evasion. Analysts believe this reform is not only crucial for Russia but also a milestone for the global legitimacy of cryptocurrencies in international finance.
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