Russia is considering selling its energy exports for cryptocurrency as the country faces crippling sanctions designed to smother its economy.
Zavalny also echoed Russian President Vladimir Putin’s call for companies in “unfriendly” countries such as the U.S. and those in the European Union to pay for oil and gas exports using gold or the ruble, which is a way in which Russia is trying to shore up its failing national currency and evade the bevy of sanctions it is facing.
“We’ve looked at this to try to get an overview. What we have learned so far is that there are fixed contracts everywhere, which include the currency in which payments are made,” Scholz said during a Thursday press conference. “And most of the time, it says euro or dollar ... and that's what counts then.”
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