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De-Dollarization Trend Irreversible, Flight From US Dollar Sure to Accelerate, Says Russian Official
16.4.2023
Russia’s foreign minister says a flight from the U.S. dollar “is sure to accelerate,” emphasizing that “this trend is irreversible.” The official added: “The path of sanctions is the path to nowhere. Serious countries and sober-minded politicians are drawing relevant...
Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future
20.10.2021
Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially replace the greenback in currency reserves and trade settlements with other currencies and even...
Russian Foreign Minister States Crypto Might Play a Significant Role in Settlements
15.6.2021
The Russian Foreign Minister Sergei Lavrov talked about the future importance of cryptocurrencies as an international settlements layer at the Primakov Readings Forum. Lavrov referred to these assets as having a “significant role” in the future. Russia has been striving to de-dollarize...
Russia’s Foreign Minister: Crypto Will Inevitably Play Role in Int’l Trade
12.6.2021
The Russian Foreign Minister Sergei Lavrov has underlined Moscow’s intention to do away with the USD – and has suggested that crypto could play a part in ousting the greenback in trade deals.
Lavrov’s comments could give real hope to those hoping crypto will find use-cases in international...
Swedish Foreign Minister Urges Ukraine to Investigate $70 Million Bitcoin Fraud
4.3.2020
Swedish government demands answers from Ukraine regarding a Kyiv-based alleged fraud scheme