- Russian State Duma official states cryptocurrencies remain effective for circumventing sanctions despite regulatory pressures.
- Garantex cryptocurrency exchange temporarily suspended operations after Tether blocked its wallets.
- Western nations’ cryptocurrency infrastructure targeting expected to continue for political purposes, according to Russian lawmaker.
A senior Russian legislator declared that completely blocking cryptocurrency access for Russians is impossible, positioning digital assets as a resilient tool against international sanctions. The statement comes as regulatory pressure intensifies on Russia-connected cryptocurrency services following recent sanctions.
Anton Gorelkin, Deputy Head of the Information Policy Committee of the State Duma, addressed the cryptocurrency sanctions situation on his Telegram channel, noting that while certain limitations exist, digital currencies remain viable for Russians.
“It should be recognized that complete blocking of this market for Russia is not possible. Cryptocurrencies will remain one of the most efficient tools to bypass sanctions, although USDT can be definitely stricken out of this list,” Gorelkin stated.
The lawmaker’s comments follow Garantex cryptocurrency exchange’s announcement that it temporarily suspended all services after the Tether platform blocked its exchange wallets. Garantex has faced mounting regulatory pressure, having been placed under European Union sanctions in February 2025 and U.S. sanctions since April 2022.
Gorelkin warned that the Garantex situation likely represents an emerging pattern rather than an isolated incident. He specifically cautioned that Western nations will continue targeting various elements of cryptocurrency infrastructure to achieve political objectives.
The situation highlights the evolving relationship between cryptocurrencies, sanctions enforcement, and cross-border financial regulations as digital assets increasingly become entangled in geopolitical tensions.
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