Russia

Russia

Finance

Sanctions evasions using crypto increased by 700% in 2025: Chainalysis

Russia, Iran and North Korea expanded their use of stablecoins, hacked funds and state-linked exchanges to move more than $100 billion onchain to evade international sanctions.

Iranian flag

Policy

Millions in crypto funded tools to exploit U.S. software, Treasury says in new sanctions

An Australian national was said to sell cyber tools designed for the U.S. government and its allies to a Russian company known as Operation Zero.

Treasury Department columns and statue (Jesse Hamilton/CoinDesk)

Finance

Elliptic flags Russia-linked crypto platforms’ ongoing sanctions evasion

Bitpapa, Garantex and ABCeX were among the cryptocurrency exchanges linked to Russian-tied transactions circumventing Western evasions.

Russia stablecoin milestone. (Photo by Artem Beliaikin on Unsplash/Modified by CoinDesk)

Markets

'We do not do illegal things': Inside a U.S.-sanctioned stablecoin issuer's race to build a crypto giant

Oleg Ogienko, the public face of A7A5, pitched the ruble-pegged stablecoin as a fast-growing trade rail built to move money across borders despite sanctions pressure.

Oleg Ogienko, director for regulatory and overseas affairs at A7A5, at Consensus in Hong Kong (provided)

Finance

Russia's daily crypto turnover is over $650 million, Ministry of Finance says

Government and central bank officials are pushing for legislation to regulate cryptocurrency activities, aiming for passage during the spring session.

Russia stablecoin milestone. (Photo by Artem Beliaikin on Unsplash/Modified by CoinDesk)

Finance

Russia’s largest bank, Sberbank, prepares to issue crypto-backed loans

Russia’s biggest bank said it plans to offer loans secured by cryptocurrency following a pilot deal with a mining firm, with legislation expected by mid-2026.

Sberbank. (Photo: Oruwachichin via Wikimedia Commons/Modified by CoinDesk)

Finance

Sovcombank says it's the first Russian bank to offer bitcoin-backed loans to public

Larger rival Sberbank beat Sovcombank to the punch, but it's still running as a pilot program.

Sovcombank office in a historic building in Vyborg. (Vesan99-Wikimedia Commons/Modified by CoinDesk)

Markets

Moscow Exchange to add SOL, XRP, and TRX futures contracts to crypto derivatives lineup

The new contracts will be based on indices for each token, settled in rubles, and accessible only to qualified investors.

Top of the Kremlin (Artem Beliaikin/Unsplash)

Finance

Russia's biggest bitcoin mining firm's founder arrested for tax evasion while his company faces bankruptcy

An En+ subsidiary has filed an insolvency claim against the crypto mining firm, adding to pressure from energy debts, regulatory curbs and internal turmoil.

An engineer sits at a bank of crypto mining rigs.

Policy

Russia plans to cap retail crypto buys at $4,000 as it brings digital assets into the legal fold

Russian lawmakers plan crypto regulations by midyear, permitting trading for qualified and retail investors while banning anonymous coins and domestic payments.

(Dmitry Ivanov via Wikimedia Commons / Modified by CoinDesk)