Anton Siluanov, the Russian finance minister, said that under the conditions of sanctions, cryptocurrencies can serve as an effective tool for conducting international settlements. However, he stressed that digital assets should not be considered as an investment object or a way of easy enrichment.

During his speech at the educational forum "Knowledge" Siluanov mentioned that the legislation allows you to mine cryptocurrencies, since there is enough electricity in the country.

Russia has restrictions on transactions with currencies of so-called unfriendly states, and many foreign banks refuse to cooperate with Russian companies. However, as the official stated, the use of cryptocurrencies for foreign economic activity can be an effective option to circumvent sanctions: "From the point of view of calculations, cryptocurrencies are a good tool today. So we will use it in this regard."

Siluanov also noted that investing in cryptocurrencies involves a high level of risk due to strong fluctuations in their price. He stressed that there are safer ways to generate income with less risk in the financial market.

The Finance Minister again strongly recommends exercising restraint when investing in cryptocurrencies. Earlier, during a meeting with students, he drew a parallel between investing in digital assets and playing slot machines.