Russia has increasingly turned to cryptocurrencies to facilitate its oil trade with China and India, allowing it to bypass Western sanctions.

Russia is reportedly utilizing cryptocurrency and stablecoins in its oil trade with China and India to skirt sanctions from Western countries. Russia publicly encouraged the use of cryptocurrencies and passed a law allowing digital currencies last year.

Hard-hitting economic measures can be used as leverage to secure justice from Moscow, Ukraine’s sanctions chief tells POLITICO.

President Donald Trump plans to discuss a ceasefire in Ukraine and a potential peace deal with Russian President Vladimir Putin in a Tuesday call.

Russia's economy has been hit hard by sanctions that have resulted in the country losing billions of pounds in oil and gas revenues from trade with the West.