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Roundtable Interview: Ukraine's "Minister of Crypto" on the Importance of Sanctions

Ukraine's point-man on government crypto policy explains the important symbolism of western unity behind tough sanctions on Russia.

Deputy Minister of Digital Transformation Alex Bornyakov sat down with Roundtable’s Rob Nelson at Bitcoin 2022 in Miami to talk about the Russian invasion, digital currency, and the overlap between digital and national sovereignty, while the war continues to rage in Ukraine.

“This is not just about Ukraine," said Bornyakov The latest polls in Russia show that 75 percent of their citizens support invasion of Poland." 

He continued, "It is just insane, but this is how they think. More than 50 percent of the population supports an invasion of Latvia, Estonia, and other countries. If we don’t stop them here in Ukraine, there's going to be a cancer, which spreads across Europe. So helping Ukraine today is to help secure peace for all of Europe and maybe for the entire world. We have to show that this is unacceptable in the twenty-first century to go to other people's homes, kill civilians, kill innocent children.”

Tight sanctions, he said, are the first step in showing Russia it cannot act with impunity, argued Bornyakov.

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“The world shows that with these measures, with the sanctions, with this unity, that you're going to face consequences on the battlefield, for sure, but not just on the battlefield. You're also gonna face consequences for your actions on your own territory,” said the minister.

Watch the full discussion below:

ROUNDTABLE PARTICIPANTS:

Alex Bornyakov, deputy minister of digital transformation of Ukraine