Maxim Oreshkin, economic advisor to President Putin, has advocated for the inclusion of crypto assets in Russia's balance of payments statistics, highlighting Bitcoin mining as an undervalued export sector. Russian companies are reportedly using cryptocurrencies for cross-border payments, impacting the foreign exchange market. According to Luxor Technology, Russia accounts for nearly 16% of global Bitcoin mining power, second only to the United States. Sergey Bezdelov, head of the Russian Industrial Mining Association, noted that Russian miners produced approximately 55,000 BTC in 2023, with an expected output of 35,000 BTC in 2024 due to the halving event.