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Image depicting the digital ruble and QR code payment system proposal in Russia.
banks

Russia's New Bill Mandates Digital Ruble Use for Banks and Merchants

The Russian State Duma has introduced a bill mandating the use of the digital ruble by banks and merchants, set to begin on July 1, 2025. This proposal includes a universal QR code payment system t...

banking concernsCentral Bank Digital Currency strategy by Russia's Central Bank

Russia's Central Bank Introduces Digital Ruble Strategy for 2025

The Central Bank of Russia outlines a strategy for the digital ruble, set to be free of charge by 2025. Concerns arise from the Association of Russian Banks about deployment costs and deposit outfl...

BRICSPutin discusses digital currency and its impact on Russia's economy.

Putin Highlights Role of Digital Currency in Russia's Future

In a recent forum, President Putin discussed the future of Russia's digital ruble, emphasizing its importance in global finance and upcoming BRICS settlements. The pilot phase includes 9,000 citize...

Central Bank of RussiaInfographic on the timeline extension for Russia's digital ruble launch.

Russia Proposes Two-Year Extension for Digital Ruble Launch Timeline

The Russian Ministry of Industry and Trade suggests extending the digital ruble launch by two years for smaller retailers, ensuring adequate time for preparation and system adaptation. This follows...

Digital RubleRussian Central Bank leadership changes affecting digital currency strategies.

Leadership Changes at Russian Central Bank Impacting Digital Currency Strategy

The Russian Central Bank announces key leadership shifts, with First Deputy Governor Olga Skorobogatova stepping down. These changes come just as the bank ramps up development of the digital ruble,...

CBDCCentral Bank of Russia emblem with digital ruble illustration.

Russian Central Bank Defines Digital Ruble's Role in Monetary Policy

The Central Bank of Russia affirms that the digital ruble will not affect current monetary policy frameworks. The bank maintains its tools and strategies to target inflation effectively in the upco...