The U.S. Treasury Department sanctioned Rosbank and its owner Vladimir Olegovich Potanin last year
Despite this, Rosbank has started offering transactions using crypto assets limited only to private and corporate clients
Rosbank is working with B-Crypto, which provides technical support for crypto settlements
Rosbank, the 11th largest bank in Russia in terms of assets and one of the financial institutions sanctioned by the United States, has made history as it piloted the cryptocurrency cross-border payments for private and corporate clients, making it the first Russian bank to provide such service.

The move came just days after the planned launch of a national cryptocurrency exchange platform in Russia was scrapped.