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Rostec, A Russian Tech Giant, Will Test Digital Asset Payments In Global Trade

Rostec, the largest industrial and technological company in Russia, is getting ready to start a project aimed at incorporating cryptocurrencies into international trade.

The goal is to reduce how negatively sanctions affect the activities of Russian importers and exporters. Officials have been supporting initiatives to make it legal to utilize digital financial instruments like cryptocurrencies, stablecoins, and the soon-to-be-released digital ruble in transactions with partners.

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