Russia uses cryptocurrency in oil trade with China and India to circumvent Western sanctions

Russia is using cryptocurrencies in oil deals with India and China to circumvent Western sanctions, CryptoPotato reported on the 16th (local time).
According to reports, fiat currencies such as the United Arab Emirates dirham still dominate most transactions, but cryptocurrencies
The currency is said to be making up a small but growing share of Russia's energy trade. The news was first reported by Reuters, citing anonymous sources.
South Korean oil company converts Chinese renminbi and Indian rupees to rubles using stablecoins like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT)
Chinese buyers would pay for Russian oil in renminbi to overseas trading companies, then intermediaries would convert the funds into cryptocurrency and transfer it through multiple accounts.
These digital assets would be exchanged for rubles in Russia, allowing transactions to bypass traditional banking networks, a method that would allow Moscow to avoid the need to use the U.S. dollar in particular.
This is also in line with Russia changing its legislation in 2024 to allow the use of digital currencies in international trade.
Meanwhile, the Russian Central Bank strictly prohibits cryptocurrency payments within the country, but the government has been easing restrictions on cross-border transactions.
The UN has encouraged the use of virtual currencies, which it interprets as a pragmatic approach to maintaining economic stability.