The national electronic currency was unveiled by the central bank in late 2020 and became operational this month The newly launched Russian digital ruble could help Moscow to conduct foreign trade in the face of Western sanctions, a high-profile Russian economist has suggested. The electronic currency officially became operational on August 1. “I note that… Russia’s membership in the Bank for International Settlements (BIS) is currently suspended,” Vladislav Ginko, who lectures at the Russian Presidential Academy of National Economy and Public Administration (RANEPA), was quoted as saying by the BRIEF Telegram cha
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