If cut off, Russia could also shift some international financial activity to crypto networks. According to Banco Santander, import/export flows from Russia add up to around €570 billion a year, a volume that could be accommodated relatively easily on the Bitcoin network. According to data from CoinDesk, Bitcoin processes €20 billion in on-chain transactions per day, or more than €7 trillion per year. (Russia's total cross-border capital flows, including finance as well as trade, are considerably higher.)