Russian Firms Move Billions Using Crypto to Bypass Sanctions: Report

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Russian Firms Move Billions Using Crypto to Bypass Sanctions: Report

A recent report from blockchain firm Elliptic reveals how Russian state-linked networks have been using cryptocurrency to avoid Western sanctions and continue trading. Crypto was used to move money across borders, settle trades and even fund political activity. This helped sanctioned groups keep operating but it still left a digital trail.

Article Details

Source
CoinPedia
Published
September 27, 2025 at 01:13 PM
Sentiment
🟢 positive
Type
Article
Category
institutional
Topics
InstitutionalMarketTechnology

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