Russia, as part of BRICS, aims to use cryptocurrencies for international trade, bypassing the US dollar amid sanctions.

The Bank of Russia is spearheading the initiative to integrate cryptocurrency payments for trade settlements.

An experimental program is launching with three businesses ready to participate in cryptocurrency-based transactions.

Russia is concurrently developing a Central Bank Digital Currency (CBDC) for the ruble, with similar efforts underway in other BRICS nations.

The collective move towards cryptocurrencies and CBDCs by BRICS could challenge the US dollar's role as the primary currency in global trade.