Russia's New Way to Move Money Globally crypto sanctions breaking

How is Russia using crypto to move billions outside the global sanctions system? In this episode, we sit down with Lex Fisun, CEO and Founder of Global Ledger, one of the leading blockchain intelligence and AML analytics firms tracking illicit and state-d crypto flows worldwide. Throughout 2025, Global Ledger followed a series of developments that revealed how Russia built a parallel crypto-based financial system to bypass US and EU sanctions. This included the collapse of the sanctioned exchange Garantex, the rapid emergence of its successor Grinex, and the rise of ruble-backed stablecoins and shadow payment networks designed to keep money moving despite enforcement pressure.