Russian Lawmakers Approve Digital Ruble Bill for 2026 Launch

Russian lawmakers, mandated by the State Duma and Bank of Russia, have approved a digital ruble rollout, intended to be operational by summer 2026.

This initiative is set to overhaul Russia’s payment infrastructure without impacting cryptocurrencies, focusing on digital fiat implementation.

Russian Parliament Greenlights CBDC Framework for 2026

The digital ruble bill was passed by Russian lawmakers to establish a central bank digital currency (CBDC) framework. It involves mandatory adoption for major banks by 2026.

The State Duma and Bank of Russia are key players, with the initiative driven by President Putin. Anatoly Aksakov’s statements provide launch timelines.

Digital Ruble Reshapes Russian Payment Systems

The digital ruble’s introduction will restructure payment systems in Russia. Major banks and retailers must support digital ruble by 2028.

This governmental strategy aims to strengthen state control over digital payments without disrupting existing cryptocurrency markets.

Russia Mirrors China’s CBDC Strategy with Digital Ruble

Similar to China’s e-CNY, Russia’s move aligns with state-led digital currencies elsewhere, focusing on centralized control of digital payments.

The digital ruble may enhance transaction efficiency in controlled environments, echoing trends seen with other CBDCs like China’s yuan.

Anatoly Aksakov, President of the Financial Markets Committee, State Duma, said, “The launch has been postponed at least until 2026, and will most likely not be operational before next summer. The infrastructure is ready at the Central Bank and will be ready by July 1 at most of the major banks as well.”