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Aren't the best sanction-busting tools the Russians have things named "Rupee" and "Yuan"? Possibly even "gold". The situation isn't clear yet, but it looks li
by roenxi 3y ago
Aren't the best sanction-busting tools the Russians have things named "Rupee" and "Yuan"? Possibly even "gold".
The situation isn't clear yet, but it looks like the biggest problems with sanctions is that China is an advanced manufacturer that isn't part of NATO. Everyone outside of NATO seems to be calm enough about the war.
- vkou 3y ago> Aren't the best sanction-busting tools the Russians have things named "Rupee" and "Yuan"? Possibly even "gold". They are. Converting crypto to hard currency outside of Russia without tripping flags is certainly possible, but has all the same problems of using hard currency while under sanctions in the first place.
- bobthepanda 3y agoIIRC wasn't Russia having a hard time offloading all the rupees in its possession? https://www.businessinsider.in/policy/economy/news/russia-doesnt-know-what-to-do-with-the-1-billion-in-rupees-it-is-amassing-in-india-each-month/articleshow/100676904.cms https://www.businessinsider.in/policy/economy/news/russia-do...
- btilly 3y agoThose are great sanction-busting tools for getting payments from organizations who actively wish to cooperate with Russia to get paid. They aren't good tools for getting paid by victims of cyberattacks.
- roenxi 3y agoThat isn't really sanction-busting. Committing crimes was already illegal before Russia was sanctioned. In point of fact, it is probably still illegal in Russia.