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Experts Agree That There Is

Experts agree that there is not enough liquidity in the virtual assets space to enable largescale sanctions evasion by Moscow, but sanctioned individuals and entities have

Are Russia’s elite really using cryptocurrency to evade

Sanctions evasion using crypto still debated, as regulators issue

Overall

Sanctions Evasion Using Crypto

Russia Is About to Try Using Crypto to Get Around

Overall, as cryptocurrencies offer a viable solution to circumvent the force of sanctions, the United States and the European Union should cooperate on finding a unified

Russia

Russia’s ability to evade sanctions via virtual assets remain debated, amid governments and regulators highlighting the risk in recently published guidance material, warnings from

Russian state and non-state actors have attempted to use cryptocurrencies to move assets and evade sanctions, and several have been prosecuted for these efforts.

Putin’s sanctions response indicates that he and his cronies view traditional financial tools as more porous than crypto. The Russian president seems to believe that

Russians are using crypto to evade sanctionsbut it’s

Russian Use of Crypto for Sanctions Evasion on the Rise

Beyond The Hype: The True Role of Virtual Assets in Russia

EU seeks to prevent use of crypto to avoid Russia

Why Russia Isn’t Relying on Crypto to Evade Sanctions

Cryptocurrencies and U.S. Sanctions Evasion: Implications for