Digital Ruble: Russia’s Strategic Tool to Navigate Sanctions

The Russian State Duma is exploring the digital ruble as a tool to enhance transparency in public spending and navigate international sanctions.

Deputy Chairman Artem Kiryanov emphasized its potential to tighten financial discipline in state procurement and improve budget oversight. He also highlighted its role in aiding entrepreneurs with international transactions amidst Western sanctions. With President Putin’s backing, laws supporting the digital ruble’s integration have been passed, targeting a nationwide rollout by July.

Clever Robot News Desk 28^th January 2025