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International Business Times
International Business Times
Business

New Cryptocurrency May Be Aiding Russia To Dodge Sanctions

Since Russia was kicked out of the international banking system SWIFT and hit with sanctions, Moscow has turned to crypto to sidestep financial restrictions, experts say (Credit: AFP)

Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid Western sanctions, experts have told AFP.

Multiple rounds of international sanctions have been imposed on Moscow since its February 2022 invasion of Ukraine seeking to ramp up economic pressure to halt the war.

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