Why Russians don't trust the digital ruble: myths and real potential of the new instrument
Why Russians don't trust the digital ruble: myths and real potential of the new instrument
Russia is energetically building the infrastructure for digital ruble payments Starting September 1, 2026, the announced new form of national currency will be available for clients of banks participating in the pilot project. Anastasia Baboshkina, Candidate of Economic Science, external PhD scolar at the Department of International Finance at MGIMO University under the Ministry of Foreign Affairs of the Russian Federation, Associate Professor at the Department of International Business at the Financial University under the Government of the Russian Federation, discusses the key potential uses of the digital ruble, including the specific experience of VTB Bank, the largest project participant.
Journal: PLUS №4 (336), 2026
Tweet
- Spring 2026: a meeting on economic issues held by the President of the Russian Federation, Digital Uzbekistan, takeaways from Antifrodum, and April Fools' Day from the Digital Development Ministry
- Antifrodum 2026. Key takeaways and new prospects for combating fraud
- “We're growing in terms of quality and quantity!’ stated Georgy Dorofeev, NSPK, commenting on the results of Antifraudum 2026.
- Digital Uzbekistan 2026. Crypto Industry in focus
- Pitfalls of digital bank transformation
- Why Russians don't trust the digital ruble: myths and real potential of the new instrument
- Happy April Fool's Day, or the Pandemic as the driving force behind the Russian citizen's digital profile pilot
- Shutting off access to a citizen's digital profile: not a one-time glitch, but a systemic problem
- How cryptocurrency is changing judicial practice in Russia
- Crypto banks in Belarus. A bridge between the crypto economy and the traditional financial system
- HUMO. The National Payment System as a mirror of Uzbekistan's partnership policy
- The PLUS-Forum is an operating mechanism for achieving national goals.
- Quantum perestroika: Why banks shouldn’t delay preparing for the future
- In-house or outsourcing? How can banks avoid overpaying for processing?
- IT outsourcing in a crisis environment: how to rebuild IT and maintain business resilience
- Patent or new product: what really protects a brand in a competitive market?