Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Moscow, July 16 /Xinhua/ — The mass introduction of the digital ruble will begin in Russia on September 1, 2026. This was reported on Tuesday by the press service of the Bank of Russia /Central Bank/.
From now on, the largest Russian banks will have to provide customers with the opportunity to open digital wallets, as well as pay for goods and services, make transfers and carry out other transactions in digital rubles. Such transactions will become mandatory for trading companies with revenues of more than 120 million rubles, if they are serviced by the largest banks.
From September 1, 2027, these rules will become mandatory for other banks with a universal license and their clients from among trading companies with annual revenue over 30 million rubles. Other banks and sellers with revenue from 5 million to 30 million rubles per year must implement operations with the digital ruble by September 1, 2028.
The digital ruble is being created to become another means of payment and transfer that will not depend on bank restrictions in the form of commissions and limits. People will be able to open a digital wallet through the applications of banks connected to the digital ruble platform of the Bank of Russia. –0–
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