After the invasion of Ukraine, Russia is trying to deal with the consequences of economic sanctions imposed by western countries.
In this context Sergei Katyrin, President of the Russian Chamber of Commerce and Industry (CCI) He sent a letter to Russian Prime Minister Mikhail Mishustin.
Russia Should Use Cryptocurrencies!
Sergei Katyrin’s letter to the Russian government cryptocurrencies and CBDCs called for cross-border agreements with
Katyrin, Russian Prime Minister Mikhail Mishustin He also presented a series of proposals to improve cooperation with African countries.
In her letter, Katyrin argues that national currencies and cryptocurrencies should be used, especially for mutual settlements and payments between countries.
“It seems appropriate to instruct the Russian Federation, the Central Bank and the Ministry of Finance to ensure the conclusion of intergovernmental agreements with African countries on the use of national currencies and cryptocurrencies in mutual settlements and payments.
The issue of establishing a trust fund as well as a private export-import bank to support the export activities of small and medium-sized enterprises in African countries should be addressed.”
Finally, in Katyrin’s letter “The promotion of national economic interests in Africa is of particular importance for the future development of Russia.” said.
In Russia as well as in Turkey bitcoin and cryptocurrencies Although it is forbidden to use it as a means of payment, the Russian government continues to work on regulation to create a legal framework for cryptocurrencies.
Russian President Vladimir Putin government officials, including cryptocurrencies Thinking it shouldn’t be banned Central Bank of Russia He argues that it should be banned completely.