News Of The Century!

According to PANews, Russian lawmakers have approved a bill for the introduction of a digital ruble, with the central bank digital currency set to be launched in September 2026. The State Duma had previously passed legislation for the 'gradual introduction' of the digital ruble, which will now proceed to the upper house for approval before being signed by President Vladimir Putin. These steps are largely procedural, with the law scheduled to take effect on September 1, 2026, following a delay from the original summer 2025 launch plan.

The legislation outlines a timeline for the implementation of the central bank digital currency. Starting September 1, 2026, businesses with annual revenues of 120 million rubles or more will be required to provide services related to the digital ruble. Medium-sized enterprises will have an additional year to comply, while small businesses and startups have until September 1, 2028, to meet the requirements. Foreign banks and companies will also be subject to these regulations.

The law mandates the use of digital ruble QR codes for payments of goods and services. Large enterprises are obligated to offer this payment option, although some small businesses may opt out. Merchants without internet access or with annual revenues below 5 million rubles are exempt from accepting digital ruble payments.