Quote from: Flexystar on June 29, 2022, 07:25:42 AM

That is good way to surpass the sanctions isn’t it? Russia is somehow tackling the issues of financial sanctions from all over the world through their careful planning and process of making the Ruble stronger. This could also help their locals to do business at higher confidence since they have strong currency now.

I am not sure how this has any correlation with the bitcoin but assuming the situation Russian federation may allow their people to use it in the want of bringing foreign currencies into ruble through crypto tunnel.

Careful planning to strengthen the ruble exchange rate? Feverish measures aimed at saving the ruble, quite unexpectedly for Russia, led to a completely opposite negative result, since the strengthening of the ruble greatly harms the country's financial system and its industry.

A record number of sanctions have been imposed against Russia. At the same time, thousands of the largest companies in the world, in protest against the aggressive policy of the Kremlin, began to curtail cooperation with Russia. The country's imports collapsed, exports began to decline rapidly.

The disaster was recognized by the head of the Ministry of Economic Development Maxim Reshetnikov, as reported by the Russian media.
Reshetnikov called on the Central Bank to take urgent measures to weaken the ruble, predicting the collapse of Russian industry. He noted that the profitability of a number of Russian export-related industries became negative due to the inadequately low exchange rate of the national currency.

Now I can tell how the issues of international sanctions are being resolved in Russia and how the Kremlin is trying to circumvent them. Putin recently signed a law legalizing smuggling in his country. We are talking about the legalization of the so-called parallel imports. This law gives the Russian government the right to determine goods for which Russian companies will not be held criminally, administratively or civilly liable for smuggling. The list, in particular, included equipment and electronics, weapons, soap, medicines. The list included products from brands such as Samsung, Siemens, Apple, Panasonic, Intel, Asus, Logitech, GoPro and Electolux.
This is the piracy way in which international issues are resolved by a terrorist state.