Bank of Russia

The Governor of the Bank of Russia, Elvira Nabiullina, is preparing for heightened sanctions targeting the country’s economy amid swift restructuring efforts. What Happened: Nabiullina on Monday stated that Russia’s economy is restructuring “quite quickly” as businesses...

The rise of Central Bank Digital Currencies (CBDCs) and blockchain technology is signaling a transformative era for the global banking sector. That's according to Anatoly Aksakov, Chair of Russia’s parliamentary financial committee. "The traditional role they played will gradually...

The Bank of Russia is gearing up for its digital ruble pilot test slated for Aug. 15, with all 13 banks that expressed interest in the pilot confirming their readiness. Olga Skorobogatova, the first deputy governor of the Bank of Russia, stated that these banks have finished the necessary...

While the BRICS nations — Brazil, Russia, India, China and South Africa — embark on an ambitious plan to create a new global currency, Russia has announced plans to establish specialized institutions dedicated to mining and facilitating cross-border cryptocurrency transactions...

The Monetary and Banking Research Institute of Iran has completed preliminary research for the launch of a potential digital rial, as part of its central bank digital currency (CBDC) plans, according to an official statement from the Central Bank of Iran's (CBI) research arm. What Happened: The...

Russia's First Deputy Chairman of the Central Bank Olga Skorobogatova announced on Friday that the Bank of Russia is set to begin a pilot project on real transactions with the digital ruble starting April 1. Skorobogatova was speaking on the sidelines of a fintech...