Sputnik News Agency, Moscow - Elvira Nabiullina, Governor of the Central Bank of Russia, announced that the digital ruble pilot project will expand in scope within a month. If all goes as planned, the digital ruble will officially enter mass adoption stage by July 2025.
Nabiullina noted, “Our digital ruble pilot project will undergo a scale expansion within a month, followed by a series of further enlargements in the future. If everything proceeds smoothly, we plan to fully launch the digital ruble in July 2025, achieving a gradual transition from the pilot phase to widespread application.”
Meanwhile, Russian President Vladimir Putin emphasized the necessity of widely adopting the digital ruble across various sectors during an economic issues meeting on July 17. Putin stated, “We now need to take the next steps to comprehensively and extensively adopt the digital ruble in the economy, economic activities, and the financial sector.”
Putin also pointed out that digital currency is a promising and vibrant development direction in the modern economy, with growing acceptance and enthusiasm from global enterprises, investors, and citizens. He proposed discussing the introduction and use of digital currencies and other assets, emphasizing, “This is indeed a very dynamic and promising direction in the modern economy, gaining increasingly widespread acceptance on a global scale.”
Furthermore, Putin added that Russia must not miss this historical opportunity. Timely establishment of the relevant legal framework and regulatory mechanisms is necessary, along with the development of essential infrastructure to facilitate the circulation of digital assets in both domestic and international cooperation.
In summary, Russia is actively promoting the digital ruble and digital currencies, aiming for the comprehensive rollout of the digital ruble by 2025 to modernize and digitalize the economic and financial sectors.