Opportunities to Use Digital Mediums of Exchange in Russia’s Trade with Friendly Countries

Julia Kravchenko

Russian Foreign Economic Journal, 2023, issue 5, 53-62

Abstract: The article assesses the opportunities to use cryptocurrencies, digital ruble and digital financial assets in Russia’s trade with friendly countries. The risks associated with settlements in cryptocurrencies are outlined. Possible ways of ensuring the legalization and liquidity of cryptocurrency are suggested. The feasibility of using stablecoins in settlements with friendly countries is considered. The mechanism of settlements between Russian and foreign counterparts using the digital ruble is described. It is concluded that digital financial assets should be regarded as not entirely successful experiment in creating an alternative to digital currencies.

Keywords: cryptocurrency; stablecoin; digital platform; digital ruble; digital fi nancial assets (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2023_05_53-62.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2023_05_53-62

DOI: 10.24412/2072-8042-2023-5-53-62

Access Statistics for this article

More articles in Russian Foreign Economic Journal from Russian Foreign Trade Academy Ministry of economic development of the Russian Federation Contact information at EDIRC.
Bibliographic data for series maintained by Irina Katolik ().