![Amid-Sanctions-Bitcoin-Mining-Machines-Are-‘Flowing-Into-Russia-as.jpg Amid Sanctions, Bitcoin Mining Machines Are ‘Flowing’ Into Russia, as Industry Thrives](https://cryptotoptrends.com/wp-content/uploads/2023/07/Amid-Sanctions-Bitcoin-Mining-Machines-Are-‘Flowing-Into-Russia-as-678x381.jpg)
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.
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