Considering the numerous restrictions on the Russian Government they are still strict measures on every transaction that is displayed on the Blockchain. Any huge amount of money moved into a wallet will be flagged and checked if it's headed to the Russian Government. And it'll be difficult for Russian Government to convert a huge Bitcoin into Fiat as well. Do you think they can get around the corner and still escape the numerous financial restriction on their country through Bitcoin or altcoin
https://www.aljazeera.com/economy/2022/3/1/crypto-will-not-save-russia-fromWell, they don't even need Bitcoin for them to get their international monetary transactions to get through.
China didn't imposed any sanctions to them and they don't even care what the Russian government are gonna do with Ukraine. So, most probably Russia will just convert into Chinese yuan and nobody would ever know it.
Putin isn't afraid of any sanctions the world will impose to them, he knows what's his country's capabilities plus they have China.