Crypto - The Answer For Russia's Petrodollar Woes?

The rise of cryptocurrencies is offering a number of countries a chance to liberate themselves from mainstream financial institutions that have dictated trading practices for decades.

Oil is the prime example of this, as OPEC nations still index the value of oil in dollars - tying the economy-driving commodity to the American currency. The western superpower has imposed sanctions on countries rich in oil, hampering their ability to trade the resource.