This whole situation sounds really messy. I wonder if that is happening out of malice (ie. trying to get rid of cryptocurrencies) or incompentence (ie. trying to regulate cryptocurrencies).
Either way it looks like Russia plans on falling even further behind, economically.
Well from my point of view if the government of Russia reaches an agreement as it says in the post, possibly this is to promote more PETRO since we know that it is a cryptocurrency that the government of Russia and Venezuela is promoting and in places like vk (the Russian facebook) is used, but hey how it is a cryptocurrency "backed by oil" I doubt that people have much confidence since we all know the decline that all stocks related to a barrel of oil had in futures
I wasn't aware of the alleged ties between the Petro and Russia until now, interesting to learn. It's even more interesting to hear that it's still being pushed. A cryptocurrency issued by Venezuela, backed by oil, sounds like it should be long dead by now.