The Bank of Russia has reiterated its confidence in the long-term potential of the digital ruble, describing the project as one of the most advanced central bank digital currency initiatives globally.

According to the regulator, preparations for a large-scale rollout remain on track for 2026, with internal estimates suggesting the digital ruble could represent up to 5% of all cashless payments within seven years of launch.

Central bank officials highlighted smart contracts as a primary area of application, alongside budgetary payments and cross-border transaction mechanisms, where efficiency and transparency gains are expected.

The regulator added that global payment trends are being closely monitored. Officials stressed the importance of defining a clear role for each financial instrument rather than introducing technology without a specific economic purpose.

Bank of Russia officials also emphasised ongoing collaboration with market participants to identify new opportunities for the digital ruble and maximise its practical impact.