Rand Issues Commentary: Russia's Use of Crypto Schemes
August 08, 2025
August 08, 2025
SANTA MONICA, California, Aug. 8 -- Rand issued the following commentary on Aug. 7, 2025:
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Russia's Use of Crypto Schemes
By John Kennedy, Edward Bryan, Illimar Ploom and Viljar Veebel
To maintain access to international markets in the face of Western economic pressure, Russia is increasingly turning to noncurrency payment schemes. The state has strong incentives to obscure its transactions and reduce reliance on fiat currencies (such . . .
* * *
Russia's Use of Crypto Schemes
By John Kennedy, Edward Bryan, Illimar Ploom and Viljar Veebel
To maintain access to international markets in the face of Western economic pressure, Russia is increasingly turning to noncurrency payment schemes. The state has strong incentives to obscure its transactions and reduce reliance on fiat currencies (such . . .