Russia on track for digital ruble rollout on Sept. 1: Central bank governor
Summary
Russia’s central bank says the digital ruble is ready for launch on Sept. 1, following a timeline set last year. It will complement the ruble and first be usable through financial and credit institutions. The central bank says it wants the CBDC to be practical and widely used by people and businesses. The enabling law is set to take effect Sept. 1, with a transition period running until July 2027. The rollout has already drawn EU sanctions tied to Russia’s war against Ukraine.
