Under the extreme pressure from various Western sanctions, here Russia mulls different currency options for the sales of natural resource. Here, BTC or Bitcoin can also be use as an alternative by Russia for the payment of oil. It was also suggested that Bitcoin can be used for gas utility also. As per the Duma committee chairman mentioned in the news conference on this Thursday.
Russia, who has also sanctioned for the reason of their invasion of Ukraine, may also sell the gas to West for rubles & gold. It is also about some of the “friendly” countries like China and Turkey for the national currency and also for bitcoin.
In case they wish to buy, allow them to either pay in the hard currency, and it will consider as gold for us. Else, they can also pay as it is really suitable for us, said Zavalny, the chairman of Duma committee. As per the translation of the comments, it said that the set of the currencies may also be quite different. It is also the quite normal practice, and hence you may even trade the bitcoins.
Bitcoin Can Use for Oil & Gas Payment
Remarks of Zavalny may or might not be actual behind the sizable increase in price of the bitcoin for last 90 minutes. However, Bitcoin is also now about 3% on day, at $44,000 this was for initial time as a proper brief price which spike in March.
The Russian government also has been taking some of the steps to unparalleled Western sanctions that imposed over the Ukraine invasion. However, the nation which is energy-rich is looking to different currencies for the purpose to replace U.S. dollar along with euro in the gas trade.
Russia will also ask “unfriendly” kind of the nations to pay through rubles for natural gas which they buy. The member states of EU have many that are heavily dependent on the supplies of Russian gas for heating & for power generation.
