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Crypto and Sanctions Evasion: Russia's Growing Shadow Economy
Crypto use is central to Russia's evasion of sanctions aimed at restricting its military procurement. It is past time for action.
Over the past four years, sanctions against the financing and resourcing of the Russian military have been a key pillar of the West's response to the Kremlin's illegal war of aggression in Ukraine. But as pressure has mounted on the traditional financial system, a parallel ecosystem has taken shape — one that operates beyond the reach of conventional controls.
From shadow fleets moving oil, to increasingly sophisticated procurement networks, Russia has shown a…
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