UDC: 336.13.051
https://doi.org/10.25198/2077-7175-2025-1-95


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IMPLEMENTATION OF THE DIGITAL RUBLE IN THE RUSSIAN ECONOMY

Yu. A. Temichev
Lomonosov Moscow State University, Moscow, Russia
e-mail: temichev98@gmail.com

Abstract. The introduction of the digital ruble into the Russian economy is planned for 2025-2027, which, of course, will have a great impact on the country’s economy. When introducing a new economic instrument, it is important to understand which areas will be affected and what effect will be exerted on the economy as a whole.

The purpose of this article is to study the digital ruble, the reaction of the economy to the emergence of a new financial instrument and the consequences for the Russian economy.

The study was conducted on the basis of information published by the Bank of Russia and adopted legislative acts, as well as the experience of other countries that are already using the central bank digital currency (CBDC) in their economies. The author also referred to the works of other researchers studying the problems of introducing central bank digital currencies into the economies of countries.

The paper focuses on 4 types of participants (individuals, organizations, financial institutions, the state) to identify how the Russian economy will change after the introduction of the Digital Ruble. The article describes the benefits of implementation for all participants and what difficulties they will have to face. In conclusion of his work, the author emphasizes that CBDC will contribute to changes in the process of the banking sector, as well as to improving the quality of the state’s economic policy. However, it is important to take into account the risks of low popularity of the digital ruble among users, which will make its use ineffective.

Thus, as the results of the study, the author highlights the changes that await all participants in economic relations, namely: individuals, companies, financial organizations and the state.

The scientific community is increasingly studying the technical features of using CBDC in the economy of states, but it is equally important to study the process of integrating digital currencies into the economy of states. The scientific novelty of this work lies in the study of the introduction of CBDC in the Russian economy, as well as the study of potential changes. This article discusses the basic operating principle of the digital ruble, which the Bank of Russia indicates in its reports, as well as the positive and negative aspects that the introduction of a new financial instrument will bring to citizens, businesses and the financial sector, in particular. This study is aimed at identifying the advantages and disadvantages in certain areas, which will allow both to avoid the mistakes made by governments of other countries and to competently use CBDC to ensure economic security and develop the country’s economy.

Key words: digital ruble, CBDC, mobile payments, digital economy, Bank of Russia.

Cite as: Temichev, Yu. A. (2025) [Implementation of the digital ruble in the Russian economy]. Intellekt. Innovacii. Investicii [Intellect. Innovations. Investments]. Vol. 1, pp. 95–105. – https://doi.org/10.25198/2077-7175-2025-1-95.


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