Cryptocurrencies are a drop in the ocean in terms of helping a country to overcome economic sanctions. You might seem curious but Russians aren't as sanctioned and limited as many think. Many countries buy products for Russia and deliver them, for example, Armenia buys 10000 Mercedes car, then Russia buys from Armenia and that's how Russia gets rid of sanctions. Also, as far as I know, many companies changed brand identity in Russia to bypass regulations and restrictions.
Sanctions are stupid to my mind, with or without cryptocurrencies, Russia can evade many of them. Btw cryptocurrency mining will be very cheap for Russia because electricity rates are very cheap and China is their neighbour.
Exactly.
Another thing is, the west are sanctioning many countries that have lots of natural energy/metal reserves but in the end they are effectively sanctioning themselves.
So when Russia has lots of natural gas and oil but the west doesn’t want to buy from them, Russia sells their gas to China and India. Then the West pays India more money to buy the same Russian gas.
Russia makes money, India makes money, guess who is getting robbed… The European tax payers.