Crypto Mining and Sanctions Evasion

Russia has recently emerged as the second largest crypto miner after the US, leveraging its vast energy resources and cold climate to earn billions of dollars and bypass Western sanctions.

Crypto mining industry in Russia is blooming – It is now backed by state regulators, as well as the most powerful players in Russia’s energy and banking sectors.

Astraea’s James Ramsden KC (Partner) and Khrystyna Khanas (Associate) give their insight on the rise of crypto mining in Russia and how it is used by Russia to bypass Western sanctions.

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This article was first published with ThoughtLeaders4 Disputes Magazine – Issue 14 Thought Leaders 4 | Disputes