Digital ruble “will make Russia $ 3.2 billion annually”, as Moscow claims star-news.press/wp
author
Tim Alper
author
Tim Alper
Involve
- The National Classification Agency says the initial losses in the store for commercial banks. But companies can feel positive effects of digital ruble by 2029.
The country’s credit rating agency says the digital ruble will enhance the Russian economy with $ 3.2 billion annually.
Russian media RBC The state -run news agency Tas I mentioned that the claims come from the National Classification Agency (NRA).
Credit Classification Agency is located in Moscow. It is authorized by the Central Bank and provides assessments of the financing industry and government members.
Roble Al Dakmi says benefits by 2029, says NRA
NRA has published a comprehensive report on the estimated effect of the Russian Central Bank currency (CBDC).
Digital Rub is scheduled to be launched in the country next year, with a gradual adoption plan that will witness that the largest lenders in the country begin to provide services with CBDC in the fall next year.
Smaller companies will be granted until 2027 or 2028 to start accepting the currency. But the government wants to use CBDC to make social welfare payments such as children’s advantages and pensions.
NRA acknowledged that the adoption plan is likely to bear costs from both the public and private sector at the beginning.
But he said that the digital ruble project will quickly turn into a profitable. The agency said that the Convention on Biodiversity will pump up to 260 billion rubles ($ 3.2 billion) annually in the Russian economy by 2031.
The currency will make the banking sector “up to 50 billion rubles ($ 619 million) annually. Banking officials have previously expressed doubts about the Convention on Biological Diversity, claiming that they could not see the reason for Moscow’s needs to issue the currency.
“The major companies may reach $ 619 million from Russia CBDC”
At the end of July, Russian President Vladimir Putin signed a law set a comprehensive road map for the adoption of digital ruble, starting from September 1, 2026.
The agency said that companies and the government can begin to feel the benefits of the currency “between 2029 and 2031”.
In the first years of adoption, major companies can expect 30-50 billion rubles (371 million dollars to 619 million dollars) a year of the currency.
NRA analysts added that credit institutions, at the same time, could expect to form up to 8 billion rubles (99 million dollars).
But there were also warning words. The agency said that the launch of the digital ruble may see that banks are losing customers on the “new services” that they made from the image.
This may see a decrease in net profits by 8-10 %, and calculated experts. The agency said that these initial losses will turn into subsequent gains for banks.
After the project is fully released, banks will be able to obtain up to 61 billion rubles ($ 755 million) annually from “additional income” of contracts that work in contracts, transactions between banks, and corporate liquidity management services.
“There are no advantages for treating CBDC”
In July this year, German Serbank Chairman Gref said he “does not see any real advantages” for citizens, banks or companies.
Grave said that experiments with digital floods have not just justified themselves. He added that all financial transactions are all digitizing in Russia, which means that CBDC will solve a problem that does not exist.
However, the Ministry of Finance wants to use the Convention on Biological Diversity to issue government contracts. He believes this will help eliminate corruption and increase transparency.
Moscow is also believed to be keen to do CBDC business that works with BRICS partners.
Many BRICS members, especially China, have made great progress with their digital tools.
BRICS members believe that CBDC solutions will help make countries immune to US -led sanctions packages.
Moscow officials have long talked about their desire to cancel the resettlement of the Russian trade sector, and they believe that the central or CBDC solutions will allow them to do so specifically.
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2025-08-19 23:30:00
