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During an interview with Foreign Policy, the IMF's first deputy managing director, Gita Gopinath, warned that Western sanctions, and more specifically, the confiscation of dollar- and euro-denominated reserves held by the foreign Central Banks, could backfire by making other foreign central banks more reluctant to hold such a large amount of their own foreign reserves in dollars and euros.
For decades the international dollar-based financial system has been underpinned by free market. Unfortunately, when institutions effectively confiscate reserves belonging to an independent central bank, they cut against this notion, and prompt other nations to ponder the possibility - however remote - that they could be next.

Ultimately, it's likely that some countries will "reconsider" the wisdom of so heavily relying on US Dollars.
"We are likely to see some countries reconsidering how much they hold of certain currencies in their reserves," she told Foreign Policy.

To avoid sactions the countr is open to accepting bitcoin for its natural resources exports, the chairman of the country’s Congressional energy committee, Pavel Zavalny, said in a press conference on Thursday.
saying :“When it comes to our ‘friendly’ countries, like China or Turkey, which don’t pressure us, then we have been offering them for a while to switch payments to national currencies, like rubles and yuan,” Zavalny said during the press conference.

“With Turkey, it can be lira and rubles. So there can be a variety of currencies, and that’s a standard practice. If they want bitcoin, we will trade in bitcoin.”

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