Russia has begun to introduce the digital ruble on a large scale into the budget and banking system

According to market news, Russia has begun to introduce the digital ruble on a large scale in the budget system and banking sector in preparation for its full promotion.

Since the beginning of this year, the digital ruble has been actively used for transactions related to the state, and it is now available for transfers to the government budget and payments to federal agencies. Russia has set a phased schedule and deadlines for the promotion of the digital ruble for banks and businesses, stipulating that by September 1, 2026, the largest banks in Russia and their retail clients must allow customers to use the digital ruble for transactions.

The Central Bank of Russia has also decided that, starting last week, transactions using citizens' and companies' digital ruble accounts for paying taxes, fees, and government-related payments will be exempt from transaction fees.