Russia Considers Crypto for Settling Grain Exports

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She stated:

The Russian Agricultural Bank has been the target of European Union (EU) and U.S. sanctions since 2022. Ah yes, sanctions—because nothing says ‘progressive’ like being excluded from the SWIFT network and having all your assets frozen in the EU. But who needs Western financial services when you can just dabble in the digital chaos of crypto?

And the drama doesn’t end there. Sanctions have even reached Russian grain vessels, with over 79 ships banned from European ports, because Europe surely doesn’t want any Russian grain touching their soil. But don’t worry, dear reader—Russia has a plan. The agricultural bank might be preparing for even tougher sanctions and is eyeing crypto as the solution for liquidity in grain purchases. It’s like an episode of *Game of Thrones*, but with wheat.

This audacious crypto move could unlock a whole new world for agricultural commodities. Russia could very well become the digital asset hub for grain trading, with the next harvest—projected to reach a staggering 49.5 million tonnes of grain exports—being processed through the magic of cryptocurrency. Oh, and did I mention that 42 million tonnes of that are wheat? That’s right, Russia is still the undisputed champion in wheat production. Move over, breadbasket of the world—there’s a new sheriff in town.

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2025-06-02 10:57