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Cross-Border Digital Ruble Payments May Become a Reality in 2026

[Jul 22, 2024 3:30 PM] Generalized international settlements using the Russian digital ruble will not be available until 2026, according to statements from Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. Aksakov stated that in 2025…

Russian State Duma Passes Digital Ruble Law

[Jul 13, 2023 4:30 AM] The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital…

Russian Official Expects Agreement on BRICS Currency This Year

[Apr 30, 2023 4:00 PM] The chairman of the State Duma Committee on the Financial Market says that an agreement on the BRICS currency can be reached in 2023 as BRICS nations ramp up their de-dollarization efforts to shift away from U.S. dollar reliance. “By linking its…