State Duma offered to use cryptocurrency to circumvent sanctions

The State Duma It is worth discussing the possibility of using cryptocurrency in the context of solving a problem with calculations arising from the anti-Russian sanctions quotes Prime Property from the head of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhin.

In his opinion, such a method of calculations facing the restrictions of companies can be “natural”, and the parliament does not need to “be very afraid” cryptocurrency.

Shokhin also suggested paying attention to the European scope of American sanctions in the calculations with Iran – the introduction of a special mechanism of Instex. “He may have not yet proven fully effective, how to deal with the secondary sanctions of anti-Iranian, who injected the United States. Therefore, you can think about how both the government and deputies, this kind of mechanism,”, “Shokhin said during the parliamentary hearings on The topic “illegal sanctions of the West and measures to minimize their impact on policies and the economy of the Russian Federation.”

On June 4, the international rating agency Moody’s made a disconnection of Russia from international payment systems, indicating the country’s exposure to political risks, including sanctions. In April, in the Kremlin, they did not exclude that sanctions against Moscow could lead to a refusal to access Visa and MasterCard, and the head of the Ministry of Foreign Affairs Sergey Lavrov said that Russia is already working on the refusal of Western payment systems.

/Media reports.