{"id":153001,"date":"2025-03-14T12:15:42","date_gmt":"2025-03-14T10:15:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=153001"},"modified":"2025-03-15T14:57:31","modified_gmt":"2025-03-15T12:57:31","slug":"russia-turns-to-crypto-for-oil-trade-with-china-and-india","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/russia-turns-to-crypto-for-oil-trade-with-china-and-india\/","title":{"rendered":"Russia Turns to Crypto for Oil Trade with China and India"},"content":{"rendered":"<p>Oil companies in particular have <strong><a href=\"https:\/\/www.reuters.com\/business\/energy\/russia-leans-cryptocurrencies-oil-trade-sources-say-2025-03-14\/\" rel=\"nofollow\">embraced<\/a><\/strong> digital assets, with some processing millions in monthly transactions through crypto, according to a Reuters report.<\/p>\n<p>While Russia\u2019s finance minister confirmed in late 2024 that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> could be used in foreign trade, its role in oil deals with China and India was previously undisclosed.<\/p>\n<p>To facilitate these transactions, intermediaries handle offshore accounts and convert payments into crypto before routing funds to Russia, where they are exchanged for rubles. One source suggested that even if sanctions were lifted, crypto would remain a preferred tool due to its efficiency.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-152993\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Meanwhile, the Bank of Russia is considering allowing wealthy investors to legally access cryptocurrencies, signaling a shift in policy.<\/p>\n<p>Despite China\u2019s strict stance on digital assets, it remains a major player in Bitcoin mining. Observers speculate that as global adoption grows, particularly with U.S. initiatives like a strategic Bitcoin reserve, China may eventually reconsider its approach. Reports suggest the Chinese government could be holding at least 193,000 BTC.<\/p>\n<p>While Russia is looking at ways to expand its reach in the crypto sector a new token emerges that could change the crypto game. BTC Bull Token (<strong><a href=\"https:\/\/cryptodnesbg.care\/b_btcbull-en_167?referrer=russia-turns-to-crypto-for-oil-trade-with-china-and-india\" rel=\"nofollow\">$BTCBULL<\/a><\/strong>) is a new meme token that brings together two of the strongest ecosystems in the crypto world: Bitcoin and Ethereum.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/russia-turns-to-crypto-for-oil-trade-with-china-and-india\/cryptodnes-en-btc-bull-3\/\" rel=\"attachment wp-att-153071\"><img decoding=\"async\" class=\"alignnone size-full wp-image-153071\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/Cryptodnes-EN-BTC-BULL-2.png\" alt=\"\" width=\"1200\" height=\"500\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/Cryptodnes-EN-BTC-BULL-2.png 1200w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/Cryptodnes-EN-BTC-BULL-2-300x125.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/Cryptodnes-EN-BTC-BULL-2-1024x427.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/Cryptodnes-EN-BTC-BULL-2-768x320.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"><\/a>What makes the BTC Bull Token so special is its drive to spread Bitcoin ownership to everyday people.<\/p>\n<p>$BTCBULL is a decentralized token that combines the power of meme culture with real Bitcoin rewards. Every time Bitcoin reaches a price milestone, holders of $BTCBULL receive BTC airdrops.<\/p>\n<p>Furthermore, the token is subject to a burn mechanism, which reduces its supply and increases its value.<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/cryptodnesbg.care\/b_btcbull-en_167?referrer=russia-turns-to-crypto-for-oil-trade-with-china-and-india\" rel=\"nofollow\">Buy BTCBULL Here<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid international sanctions, Russian firms have turned to cryptocurrencies like Bitcoin and Tether\u2019s USDt for trade with China and India.<\/p>\n","protected":false},"author":3,"featured_media":98226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,22],"tags":[72,78,424,271,108],"coin_category":[],"class_list":["post-153001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-others","tag-bitcoin","tag-btc-bull-token","tag-crypto","tag-ethereum","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Russia Turns to Crypto for Oil Trade with China and India<\/title>\n<meta name=\"description\" content=\"Amid international sanctions, Russian firms have turned to cryptocurrencies like Bitcoin and Tether\u2019s USDt for trade with China and India.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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