Putin Confirms Digital Ruble Integration in Russia’s Federal Budget

Russia is set to integrate its central bank digital currency (CBDC), the digital ruble, into its federal budget system starting next year, with nationwide adoption targeted by July 1, 2025, President Vladimir Putin announced at the 15th VTB Russia Calling! Investment Forum. Highlighting ongoing efforts to enhance business efficiency, Putin emphasized the development of infrastructure aimed at reducing costs and simplifying operations. The initiative aligns with Russia’s push to bolster the ruble’s role in international transactions. This move is part of the country’s strategy to modernize its financial systems and adapt to digital advancements, ensuring seamless and cost-effective budgetary processes.

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