DAILY STAR
Russia is using cryptocurrencies in a bid to evade sanctions put in place as a result of its invasion of Ukraine.
The UK, EU, and USA have all imposed sanctions against Russia following the invasion, including the sanctioning of individuals.
The EU has frozen some €21.5 billion (just over £19 billion) of assets, while also blocking around €300 billion (just over £266 billion) worth of assets from the Russian Central Bank in the G7 and EU.
Russia has already employed a number of tricks in various bids to evade the financial restrictions, which have been imposed, such as trading in rubles rather than dollars and even making exchanges between ships in international waters.
Now, the country has started employing cryptocurrencies in a bid to avoid financial sanctions.
