Russia’s Energy Chief Says He Would Accept Bitcoin for Oil and Gas

Russia’s Energy Chief Says He Would Accept Bitcoin for Oil and Gas

The Russian Federation’s energy chief, Pavel Zavalny, has raised the possibility of accepting Bitcoin as payment for his oil and gas from “friendly countries” such as China and Turkey.

He said those countries could start paying for energy in Russian rubles, Chinese yuan, Turkish lira – or even Bitcoin ( BTC ) – instead of the US dollar, which is the international standard.

According to Russian media outlet RBC, Chairman of the State Duma Committee on Energy Zavalny stated at a press conference on March 24 that he and representatives of China and Turkey have been discussing changes in settlement currencies. preferred for its greater export.

Melissa Galbraith
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