Crypto news: Russia may accept BTC for oil and gas – Capital.com

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By Daniela Ešnerová

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Russia is considering accepting bitcoin (BTC) as payment for oil and gas from “friendly” countries, while it will keep requesting rouble payments for oil and gas exports to “unfriendly” countries (those that oppose its actions in Ukraine via economic sanctions), said Peter Zavalny, chairman of Russia’s State Duma Energy Committee.
Russian President Vladimir Putin said that the country will seek payments in roubles for oil and gas from countries it deems unfriendly – including EU member countries, the UK and the US – after the rouble plunged following his decision to invade Ukraine.
Peter Schiff, chief economist and global strategist at Euro Pacific Capital, a long-term critic of cryptocurrencies, tells Capital.com what he thinks about buying bitcoin as an inflation hedge:
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