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Personally I have a contractors that work for me in Russia. We pay them via a wire. If this goes through I’m not sure how I’m going to do that. Have to look a

Personally I have a contractors that work for me in Russia. We pay them via a wire. If this goes through I’m not sure how I’m going to do that. Have to look at running them through a different system maybe? Any ideas I’d take them.

deleted 5y ago
[deleted]
josephcsible 5y ago
Isn't the point of this sanction to keep people from doing things like that?
mediocregopher 5y ago
Bitcoin. People may complain about the volatility, but you only have to hold it long enough to send it, and they only have to hold it long enough to sell, if that's what they care to do.
- whatshisface 5y ago
  Beware that this might count as circumventing US sanctions by the time they're done writing these new regulations.
cryptoegorophy 5y ago
PayPal still works as far as I know. But yeah. Bitcoin is the go to. Ironically I have workers in both and I send bitcoin to ukraine because all other means are expensive and get questioned a lot.
- mikeryan 5y ago
  Yeah I have workers in both too. The two I’ve got in Ukraine I've run through Upwork as they seem to have had that handled in the past and we cover the Upwork percentage. I’ll have to check with the comfort level of my guys taking bitcoin but that seems like an option at least. Don’t want to think about the accounting issues we will have to figure out but thanks for the idea.
jmvoodoo 5y ago
How about stop working with them and funding the murder of Ukrainians through your tax dollars? Seriously though if your business is impacted by sanctions I'd suggest consulting a lawyer before trying to get creative with payment methods.
DyslexicAtheist 5y ago
hire someone from Ukraine
7steps2much 5y ago
You could go for a fancy money transfer option. Western Union, Ria or transfer wise would be options at the top of my head. If those get shut down as well it is likely that continued business with Russians would be in violation of sanctions anyways so you might want to consult a lawyer. Alternatively you could just mail the money there. As in, put it in a letter and hand it to your national postal service. That said, this is not possible in all countries and sometimes restrictions apply that may make this unusable. That said, if you are hellbent on continuing to use that contractor crypto is an option. I recommend something more modern and easy to use than Bitcoin though.

deleted 5y ago

[deleted]

josephcsible 5y ago

Isn't the point of this sanction to keep people from doing things like that?

mediocregopher 5y ago

Bitcoin. People may complain about the volatility, but you only have to hold it long enough to send it, and they only have to hold it long enough to sell, if that's what they care to do.

whatshisface 5y ago
Beware that this might count as circumventing US sanctions by the time they're done writing these new regulations.

cryptoegorophy 5y ago

PayPal still works as far as I know. But yeah. Bitcoin is the go to. Ironically I have workers in both and I send bitcoin to ukraine because all other means are expensive and get questioned a lot.

mikeryan 5y ago
Yeah I have workers in both too. The two I’ve got in Ukraine I've run through Upwork as they seem to have had that handled in the past and we cover the Upwork percentage. I’ll have to check with the comfort level of my guys taking bitcoin but that seems like an option at least. Don’t want to think about the accounting issues we will have to figure out but thanks for the idea.

jmvoodoo 5y ago

How about stop working with them and funding the murder of Ukrainians through your tax dollars? Seriously though if your business is impacted by sanctions I'd suggest consulting a lawyer before trying to get creative with payment methods.

DyslexicAtheist 5y ago

hire someone from Ukraine

7steps2much 5y ago

You could go for a fancy money transfer option. Western Union, Ria or transfer wise would be options at the top of my head. If those get shut down as well it is likely that continued business with Russians would be in violation of sanctions anyways so you might want to consult a lawyer. Alternatively you could just mail the money there. As in, put it in a letter and hand it to your national postal service. That said, this is not possible in all countries and sometimes restrictions apply that may make this unusable. That said, if you are hellbent on continuing to use that contractor crypto is an option. I recommend something more modern and easy to use than Bitcoin though.