# Russia Legalizes Crypto Payments for International Trade to Bypass Sanctions 💱

**URL:** <https://onehack.st/t/russia-legalizes-crypto-payments-for-international-trade-to-bypass-sanctions/288062>\
**Category:** News & Articles\
**Tags:** business\
**Created:** [August 1, 2024, 3:43am UTC](https://onehack.st/t/russia-legalizes-crypto-payments-for-international-trade-to-bypass-sanctions/288062 "2024-08-01T03:43:33Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [August 1, 2024, 3:43am UTC](https://onehack.st/t/russia-legalizes-crypto-payments-for-international-trade-to-bypass-sanctions/288062/1 "2024-08-01T03:43:33Z")

</div>

**Summary:**

1. **New Crypto Law** : Russian lawmakers passed a bill allowing businesses to use cryptocurrencies for international trade to evade Western sanctions following the invasion of Ukraine.

2. **Implementation Timeline** : The law will come into force in September, with the first crypto transactions expected by the end of the year, facilitated by a new “experimental” infrastructure created by the central bank.

3. **Sanction Evasion Strategy** : The move aims to mitigate delays in international payments with major trading partners like China, India, and the UAE, who have become cautious due to pressure from Western regulators.