Posted 3/15/2024, 5:36:57 AM
Russia Passes Law to Use Digital Assets for Trade, Bypassing US Sanctions
- Russia signed law allowing use of digital assets for trade to bypass US sanctions and keep economy afloat
- Digital Financial Assets (DFAs) will be used for cross-border transactions instead of US dollar
- BRICS countries using various means to reduce reliance on US dollar and protect economies
- Move gives Russia more freedom, allowing it to bypass sanctions and support economy
- Aksakov Settling trade via banking visible to enemies; digital assets less transparent
