Russia got $2 million in cryptocurrency for military operation support
Since the start of the geopolitical crisis in Ukraine, dozens of organizations supporting Russia have received more than $2 million in different cryptocurrencies.
The U.S. Congress introduced a bill to impose sanctions on foreign cryptocurrency exchanges that cooperate with Russian legal entities. Moreover, the bill allows the Minister of Finance to block transactions of Russian users on cryptocurrency exchanges.
When the United States barred Americans from doing business with Russian banks, oil and gas developers and other companies in 2014, after the country’s invasion of Crimea, the hit to Russia’s economy was swift and immense. Economists estimated that sanctions imposed by Western nations cost Russia $50 billion a year.
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