Russia Could Accept Bitcoin As Oil Payments

Reeling under Western Sanctions, Russia is searching alternatives of Rubble to accept Oil Payments. Bitcoin can could be opted, suggest Russian Lawmaker.

Russia sanctioned by Western countries because of its invasion of Ukraine could adopt Bitcoin other than Rubble and Gold for receiving oil payments from West and its friendly countries.

Pavel Zavalny, a Duma Deputy said in a statement regarding selling of natural resources :

"If they want to buy, let them pay either in hard currency, and this is gold for us, or pay as it is convenient for us,"

As of now, Bitcoin is trading above $44,000 after a near month long downtrend since early March.