Russian Arms Manufacturers Dodge US Sanctions With Bitcoin

Soyuzmash, the Union of Machine Builders in Russia, has asked the Central Bank for permission to accept Bitcoin and stablecoin payments for weapons deals. This, they claim, will help them to circumvent US and international sanctions. A Difficult Environment For Selling Weapons Soyuzmash Vice President, Vladimir Gutenev, told the advisory council on military-technical co-operation, that current conditions were tough. The environment is not a competitive one, due to strong sanctions pressure. Payments for weapons which … Continue reading Russian Arms Manufacturers Dodge US Sanctions With Bitcoin