The Bank of Russia is preparing for the rollout of the digital ruble, with a target date set for September 1, 2026. This initiative comes amid ongoing EU sanctions.
Governor Elvira Nabiullina stated that major banks and retailers are expected to accept the digital currency once it launches.
The central bank has emphasized the significance of digital currencies in contemporary finance, particularly in light of the challenges posed by international sanctions.
Updates
Update at 09:16 UTC on 2026-07-03
The Block reported The central bank is also actively discussing the use of stablecoins for international settlements, but only to complement the digital ruble.
Sources: The Block