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Russia on July 30 passed a law that will allow businesses to use cryptocurrencies in international trade, as the Kremlin seeks ways to circumvent Western sanctions, Reuters reported on July 30. Western countries have launched several rounds of sanctions against Russia and individuals associated with President Vladimir Putin since the beginning of the full-scale invasion in hopes of depleting the resources and sources of revenue fuelling the war. In June, the U.S. and other countries unveiled a new wave of sanctions that targeted Russian financial institutions, as well as entities and individua…

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