Russia announced allowing the use of digital financial assets in international settlements, which will make it easier for Russian companies to carry out financial transactions in light of the Western sanctions imposed on the country.
According to Russian media, Russian President Vladimir Putin signed a law allowing the use of digital financial assets in international payments.
The decree allowed the use of beneficial digital rights in international payments, as digital financial assets will be used in payments when importing and exporting goods, businesses, services, and intellectual property works.
Russian parliamentarian Anatoly Aksakov said that the move will help Russian companies stimulate trade with friendly countries, and as a guarantee for digital financial assets, real assets such as grains and gold can be used.
Last February, Russian Finance Minister Anton Siluanov revealed a proposal that the BRICS countries are preparing, which includes establishing a platform for implementing trade settlements between the group’s member countries, noting that the proposal includes establishing a platform based on digital currencies in the BRICS countries. To implement financial settlements between member states of the group.
In August 2023, Moscow launched the experimental phase of the digital ruble, in an attempt to limit the impact of international sanctions imposed on it.
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2024-04-14 20:32:22