Russia to accept Bitcoin as payment for energy exports, says Pavel Zavalny

Russia can sell gas to the West for rubles and gold, and to friendly countries such as China or Turkey for national currency or bitcoins. This was stated at a press conference by Pavel Zavalny, Chairman of the Energy Committee of the State Duma, who was elected to the federal parliament from Yugra.

“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, this is the national currency. As for friendly countries, China or Turkey, are not involved in the sanctions pressure. We have been proposing to China for a long time to switch to settlements in national currencies for rubles and yuan. With Turkey, it will be lira and rubles. The set of currencies can be different and this is normal practice. You can also trade bitcoins,” Zavalny commented at a press conference at the Rossiya Segodnya MIA multimedia center.

Find out more in this RTD news update: https://www.rethinkingthedollar.com/russias-putin-declares-an-end-to-western-currencies/