BREAKING: Russia will Allow “Friendly Countries” to buy Gas and Oil in Bitcoin
Russia accepts Bitcoin as a payment option to buy gas and oil
Following the implementation of numerous sanctions by the US and Europe on Russia, Pavel Zavalny, Russian Chairman of the Congressional Energy Committee, announced that Russia is willing to accept Bitcoin payments for natural gas.
According to Zavalny, Russia is willing to accept a wide range of currencies for its export products, starting with pure gasoline. Nevertheless, he stated that it would be dependent on the importing country’s international relations with Russia.
“In the case of our ‘friendly’ countries, like China or Turkey, which don’t strain us, then we’ve got been providing them for some time to change funds to nationwide currencies, like rubles and yuan. With Turkey, it may be lira and rubles. So there might be quite a lot of currencies, and that’s a normal apply. If they want bitcoin, we will trade in bitcoin.” Zavalny mentioned.
Moreover, Zavalny noted that Russia will stop accepting payments in USD and EUR. It means all countries that have been hostile towards Russia must pay in Rubles only.
“When we exchange with Western countries…they should pay in hard money,” Zavalny said. “And hard money is gold, or they must pay in currencies which are convenient for us, and that is the national currency – ruble. That relates to our ‘unfriendly’ countries,” Zavalny said during the press conference.
On Wednesday, Putin also demands “unfriendly countries” use rubles to buy Russian oil and gas.
“Russia will continue, of course, to supply natural gas in accordance with volumes and prices … fixed in previously concluded contracts,” Putin stated, “The changes will only affect the currency of payment, which will be changed to Russian rubles.”
It’s worth noting that Russia is a key gas supplier to European countries, providing over 40% of the continent’s natural resources.
Bitcoin’s price has surged to $44,186 after the announcement of Pavel Zavalny was released.
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