Russian lawmakers 🇷🇺 have passed a bill allowing businesses to use crypto in international trade, aiming to circumvent economic sanctions.

The law is expected to take effect in September, and Central Bank of Russia Governor Elvira Nabiullina is one of the supporters of the new law.

Russia's Central Bank said payment delays have become a major challenge for the Russian economy, leading to an 8% drop in Russian imports in the second quarter of 2024 as the majority of payments remained made in dollars and euros and through the international SWIFT system.