Russia on track for digital ruble rollout on Sept. 1: Central bank governor
EU authorities already preemptively sanctioned Russia’s digital ruble in 2025 as part of measures in response to the country’s war against Ukraine.
Russia’s central bank governor, Elvira Nabiullina, confirmed that the country was prepared to roll out its central bank digital currency (CBDC) in two months, following the timeline it laid out last year.
According to a Thursday report from Russian state media outlet RIA Novosti, Nabiullina said that “everyone is ready” for a Sept. 1 digital ruble launch. The CBDC will launch as a complement to Russia’s fiat currency, the ruble, and will initially be accepted by financial and credit institutions.
“We want the digital ruble to be in demand by people and businesses, to be convenient, and, of course, we’re constantly discussing […] what functionality to develop,” said Nabiullina in a translated statement.