Imagine a secret code for money! That's kind of what cryptocurrency is. Some Russian oil companies are using this secret code to trade with China and India, even though there are rules against it. It's a tricky way to get around problems.
They're using Bitcoin (like digital gold), Ethereum (another type of digital money), and stablecoins (digital money that stays the same value). This helps them exchange money between countries, so it’s easier for them to buy and sell oil.
It’s still a small part of their business, but it’s growing.
- Russian oil companies are using Bitcoin, Ethereum, and stablecoins.
- They're using this to trade with China and India.
- It's a way to avoid some trading rules.
| Fact | Number |
|---|---|
| Monthly crypto transactions (for one trader) | Tens of millions of dollars |
