NASDAQ: Russia To Sell Natural Gas For Bitcoin | CryptoGazette
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More important outlets announced the other day that Russia is now open to selling natural gas for Bitcoin. Since then, BTC’s price surged and at the moment of writing this article, BTC is trading in the green and the king coin is priced at $43,999.
Russia to sell natural gas for BTC
The other day, it’s been revealed that Russia can trade with ‘friendly’ countries in national currencies or BTC, the chairman of the State Duma committee on energy said.
Russia is open to accepting Bitcoin for the exports of its natural resources – this is what the chairman of the country’s Congressional energy committee, Pavel Zavalny, said in a press conference on Thursday.
Zavalny explained that Russia is open to accepting different currencies for its exports, beginning with natural gas, depending on the buyer’s preferred method of payment, NASDAQ notes.
On the other hand, it’s important to note the fact that the chairman said terms will depend on the importing country’s foreign relations status with Russia.
“When it comes to our ‘friendly’ countries, like China or Turkey, which don’t pressure us, then we have been offering them for a while to switch payments to national currencies, like rubles and yuan,” Zavalny said during the press conference.
He continued and said the following:
“With Turkey, it can be lira and rubles. So there can be a variety of currencies, and that’s a standard practice. If they want bitcoin, we will trade in bitcoin.”
“When we exchange with Western countries…they should pay in hard money,” Zavalny also stated.
He continued and said:
“And hard money is gold, or they must pay in currencies which are convenient for us, and that is the national currency – ruble. That relates to our ‘unfriendly’ countries.”
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