Russia to Launch Digital Ruble for BRICS Trade 🇷🇺🏛️⛓️
Strategic Launch: Russia is set to introduce the digital ruble for international trade with BRICS nations by September 1, 2026. 📌
Sanction Shield: The project is primarily designed to bypass Western financial systems (SWIFT) and facilitate seamless, cross-border payments between member states. 🏛️
Phased Rollout: While federal departments can use it starting Jan 2026, major banks are mandated to offer digital ruble services for transfers and goods by September. ⚡
BRICS Integration: This move aligns with recent proposals from India and Iran to link their central bank digital currencies (CBDCs) for trade and tourism. 📊
Domestic Pilot: Russia is already testing the CBDC with government contracts, including the Moscow Metro revamp, to prepare for the nationwide September rollout. 📈
⚠️ For awareness only.
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