“(The cryptocurrency) can be well used in international payment transactions,” said the head of the finance committee in the Duma, Anatoly Aksakov, according to the daily “Kommersant” on Monday.
It is about legally securing its use in order to secure the “parallel import”. The Russian authorities define the importation of goods without the express consent of the manufacturer as parallel imports.
So far, the use of cryptocurrencies has been banned in Russia. The central bank was very skeptical about the phenomenon for years. In September, however, Prime Minister Mikhail Mishustin indicated that he had changed his mind. He announces that the competent authorities will agree on a unified position before the end of the year.
Western sanctions prohibit numerous products from entering Russia. In addition to armaments, these are mainly high-tech goods and components for the electronics industry, such as semiconductor chips, but also machines and systems. Russia is trying to get some of these goods from third countries.
(SDA)