Russian Digital Ruble Launch Set for September 2026

The Russian digital ruble, the nation’s central bank digital currency (CBDC), is set to launch nationwide on September 1, 2026, according to the Central Bank. This announcement comes after a previous postponement of the launch, which was initially scheduled for July 1, 2025. The Central Bank had abruptly delayed the launch indefinitely in early March, leading to widespread speculation about the future of the digital ruble.

Commercial banks in Russia have expressed readiness to handle CBDC transactions ahead of the September 2026 deadline. The Central Bank expects the largest commercial banks in the nation to start providing their clients with a full range of CBDC transaction options by September 2026. It is also anticipated that smaller and regional banks will follow suit in September 2027, as suggested by previous statements from the Central Bank.

Despite the initial postponement and speculation about the digital ruble's future, some of the largest banks in Russia are looking forward to the launch. VTB, one of the megabanks, has stated that it is already technologically prepared for the rollout. Sovcombank has also expressed readiness, claiming it will be "completely ready" for customers to make digital RUB transactions by the Central Bank’s deadline. Both banks are currently involved in the ongoing digital ruble pilot project, with VTB being the first bank to join the initiative.

The Central Bank has sent a draft bill to the State Duma, aiming to rapidly enshrine its demands to the banking sector in Russian law. Lawmakers have previously indicated that the Russian CBDC will be interoperable with the digital currencies issued by other BRICS member states. This interoperability is expected to facilitate cross-border trade and help Russian traders avoid sanctions regimes. However, critics have raised concerns about potential privacy violations and the challenges of using the digital ruble in remote areas with unstable internet connectivity.

In summary, the Russian digital ruble is scheduled to launch nationwide on September 1, 2026, with commercial banks expressing readiness to handle CBDC transactions. The Central Bank's draft bill to the State Duma aims to legalize its demands, and while there are concerns about privacy and connectivity, the digital ruble is expected to be interoperable with other BRICS member states' digital currencies, potentially aiding in cross-border trade and sanctions avoidance.