Digital Ruble
Russia’s Gazprombank suggests slowing down digital ruble launch fearing losses for commercial banks
The digital ruble has received heightened attention as the government intends to use it to circumvent economic sanctions imposed on...
Russia studying CBDCs for cross-border payments amid tightening sanctions
Efforts to launch the digital ruble are already in place, with testing client-to-business (C2B) operations by selected financial institutions scheduled...
Digital ruble bill submitted to Russia’s State Duma
The new draft bill seeks to make the Bank of Russia the “sole operator” of the digital ruble to the...
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
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
The Bank of Russia says that stablecoins are risky because the underlying pool of assets doesn’t belong to the user,...
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