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digital ruble

Russia eyes use of digital ruble in transacting with China

Wahid Pessarlay

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4 October, 2022

Russia eyes use of digital ruble in transacting with China

As the U.S. fortifies its grip on the global financial system, Russia targets to give sanctions-hit countries an opportunity to...

Russia’s Finance Ministry eyes collaboration with other countries on stablecoin settlement platform

Wahid Pessarlay

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12 September, 2022

Russia’s Finance Ministry eyes collaboration with other countries on stablecoin settlement platform

To counter sanctions, Russia is looking to set up a stablecoin platform with help from allies to settle cross-border payments,...

Russia’s central bank opposes ‘overly risky’ private stablecoins

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16 July, 2022

Russia’s central bank opposes ‘overly risky’ private stablecoins

The Bank of Russia says that stablecoins are risky because the underlying pool of assets doesn’t belong to the user,...

Russia pushes plans for digital ruble to replace SWIFT

Wahid Pessarlay

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3 July, 2022

Russia pushes plans for digital ruble to replace SWIFT

Olga Skorobogatova, first deputy chairman of the CBR, said the time horizon for a fully fleshed out and functioning digital...

Russia exploring CBDC for settlements of real estate deals

Wahid Pessarlay

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30 June, 2022

Russia exploring CBDC for settlements of real estate deals

Testing state-backed digital currency for real estate settlements is already ongoing, along with testing for use in making regular payments...

Russia on track to launch digital ruble pilot phase by 2023

Wahid Pessarlay

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26 April, 2022

Russia on track to launch digital ruble pilot phase by 2023

Central Bank of Russia President Elvira Nabiullina revealed that by 2023, the digital ruble would be launched on a pilot...

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