Large-scale introduction of digital ruble to begin on 1 September 2026
Major banks must be the first to offer their clients an opportunity to use digital rubles, i.e. to open accounts, make transfers, pay for goods and services, and conduct other transactions. This requirement will be extended to all banks in stages by September 2028. The relevant law was adopted today by the State Duma.
Retailers that are clients of major banks and whose revenue for the previous year exceeds ₽120 million will also be required to accept payments in digital rubles starting from 1 September 2026.
Banks with a universal licence and their clients that are retail companies with annual revenue of over ₽30 million are mandated to start processing digital ruble transactions on 1 September 2027, while the remaining banks and retailers with annual revenue under ₽30 million must comply from 1 September 2028. Retail outlets with annual revenue of less than ₽5 million will be exempt from the obligation to accept payments in digital rubles.
The law also stipulates the timeframes for launching a universal QR code based on the solution of the National Payment Card System (NPCS). This code will make non-card payments much easier for both buyers and sellers and will help avoid confusion with multiple QR codes at the checkout. A universal QR code will offer various payment options: the Faster Payments System, banks’ platforms and buy-now-pay-later services, and — later on — digital rubles. It should be noted that customers will retain all bonuses and discounts related to the chosen payment method.
All banks are to adapt their systems to support the universal QR code option by 1 September 2026, although they may do this earlier if they wish.
The NPCS will generate a universal QR code for banks on a fee-free basis, which will reduce the costs of its integration. The timeframes for banks to connect retailers to the universal QR code system will be determined by the Bank of Russia Board of Directors.
As a reminder, digital rubles will circulate alongside cash and non-cash rubles. Individuals will be able to open digital wallets and use the national digital currency in conventional banking apps connected to the Bank of Russia’s digital ruble platform. All digital ruble transactions will be fee-free for individuals. People will choose at their own discretion whether they want to pay in digital rubles or not.
For more details on the digital ruble, see the Bank of Russia website.