Russia Sanctions Looming
- Paula White
- Mar 1, 2022
- 1 min read

"With more sanctions almost certainly on their way in the coming hours from the United States, the New York Times suggested that Russia could turn to “crypto, ransomware and [the forthcoming] digital ruble” in a bid to dodge sanctions.
As a digital ruble is still a long way from a rollout, conventional crypto is a far more likely avenue, particularly considering the fact that much of the world’s crypto mining hash rate is located in Russia. The nation could also divert more of its energy reserves to crypto mining.
Ukraine’s foreign ministry called for Russia to be hit hard with sanctions and to be cut off from the SWIFT banking network." https://cryptonews.com/news/russias-invasion-of-ukraine-bitcoin-set-play-role-both-sides.htm