None of the “sanctions targeting Russia completely prohibit involvement in the mining sector,” said David Carlisle, vice president of policy and regulation at Elliptic, a blockchain analytics firm. Still, there are “significant risks” for firms operating in Russia’s mining sector: they can’t do business with sanctioned entities including mining hosting firm BitRiver, or make payments to state banks and companies, Carlisle added.
Source: https://www.coindesk.com/consensus-magazine/2023/07/28/amid-sanctions-bitcoin-mining-machines-are-flowing-into-russia-as-industry-thrives/?utm_medium=referral&utm_source=rss&utm_campaign=headlines