The Bank of Russia has proposed new deadlines for the full-scale introduction of the digital ruble, with a phased approach to its implementation. The largest banks are required to enable transactions with the digital national currency by September 1, 2026. The bank has submitted these proposed amendments to the relevant draft law to the State Duma.
From this date, trade companies that are clients of these major banks and have an annual revenue exceeding ₽120 million will need to open their infrastructure for digital rubles and facilitate payments in this form. Other banks holding a universal license, along with their client trade companies earning over ₽30 million annually, will have until September 1, 2027, to comply. Remaining banks and sellers with annual revenues under ₽30 million must meet these requirements by September 1, 2028. Retail outlets generating less than ₽5 million per year are exempt from this obligation.
These deadlines were established following discussions with market participants and concerned ministries and agencies. They reflect the time needed for banks and trade companies to adapt their systems.
Payments using digital rubles will be facilitated through a universal QR code based on the National Payment Card System (NPCS) solution. All banks must be technically ready to work with it by September 1, 2026. The Bank of Russia Board of Directors will set deadlines for connecting sellers to this QR code system. This code is already accessible to all banks and retail outlets using the Faster Payments System, which helps reduce integration costs. Additionally, NPCS will provide the universal QR code free of charge.
The digital ruble represents a new form of national currency designed to broaden payment and transfer options. It will circulate alongside cash and non-cash rubles without transaction fees for Russian citizens who can choose which form they prefer.
Further details about the digital ruble can be found on the Bank of Russia’s website.
