Russia intends to accept Bitcoin for its oil and gas

Pavel Zavalny said friendly countries could also be allowed to pay at their local coins.

Zavalny, who heads Russia's State Dawn Committee for Energy, cited China and Turkey as among the countries that were not involved in sanctions pressure, the BBC reports.

At the beginning of this week, Russian President Vladimir Putin said he wanted the non-friendly “countries to buy her gas with ruble.

The movement is thought to be aiming to promote the Russian currency, which has lost over 20 per cent in value this year.

We remember that Russia is the world's largest natural gas exporter and the second largest oil supplier.