Russia's State Duma approves digital ruble for cross-border trade settlements
- —The bill was introduced by Anatoly Aksakov and Arkady Svistunov; amendments close on Nov. 18
- —Digital ruble accounts will count as bank accounts for repatriating export revenue
- —A new Article 24.1 sets currency controls through authorized platform banks
- —The law takes effect 180 days after publication
Why it matters: Russian firms gain a settlement channel with foreign counterparties on domestic infrastructure, independent of external payment systems.
Source: BeInCrypto RU