Ukraine has announced "sanctions and other solutions" to block Russia's unwanted cryptocurrency payments. Source: Vladyslav Vlasiuk, Advisor to the president of Ukraine and Commissioner for Sanctions Policy Details: Vlasiuk recalled that Russian companies started using Bitcoin and other digital currencies for international payments after changes

Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.

Russian companies are using bitcoin to evade Western sanctions, thanks to a new law, the country's Finance Minister Anton Siluanov confirmed in a television interview. Why it matters: Russia's economy has been hampered by difficulties in making and receiving international payments,

A Russian cargo ship, Ursa Major, has sunk in the Mediterranean between Spain and Algeria after an explosion in the engine room, Russia's foreign ministry has confirmed. It said 14 members of the crew had been rescued and taken to the Spanish port of Cartagena but that two others were missing.

The ship sank in the Mediterranean Sea between Spain and Algeria following an explosion in the engine room, officials said.

The Russian cargo ship "Ursa Major" sank earlier this week in the Mediterranean Sea between Spain and Algeria. On board were components for the new nuclear-powered icebreaker "Rossiya," reports the Norwegian online newspaper "The Barents Observer.