A sweeping overhaul of Russia’s retail payments sector is on the horizon as the digital ruble, Russia’s central bank digital currency (CBDC), edges closer to full-scale adoption with newly proposed deadlines. Tass reported June 25 that the Bank of Russia submitted a phased rollout plan to the State Duma requiring banks and merchants to comply with digital ruble regulations starting Sept. 1, 2026.

Initially, the country’s largest banks must enable clients to transact in the digital national currency, while major retailers—those earning over 120 million rubles ($1.9 million) annually and banking with these institutions—will be required to process payments in digital rubles. The central bank was quoted as saying that from Sept. 1:

Trade companies that are clients of the largest banks and whose revenue for the previous year exceeds 120 million rubles ($1.9 mln) will have to open their infrastructure for digital rubles and enable payments for goods and services in the digital national currency.

Additional deadlines extend the compliance obligation to other entities. Universal license banks and their merchant clients with annual turnover above 30 million rubles must integrate digital ruble systems by Sept. 1, 2027. All remaining banks and sellers—excluding those with revenue below 5 million rubles—must follow suit by Sept. 1, 2028. The Bank of Russia noted these timelines were set after consultations with ministries, agencies, and industry players, ensuring adequate time for technical adjustments.

Russia’s central bank digital currency rollout, initially set for July 2025, was postponed to mid-2026 due to technical and regulatory challenges. The central bank of Russia cited the need for further consultations with banks and the development of an economically viable model for clients as reasons for the delay.

The digital ruble will operate via a universal QR code system powered by the National Payment Card System. Banks must be ready for this QR-based infrastructure by Sept. 1, 2026, with specific connection schedules determined by the central bank’s board. Though this signals tighter regulatory oversight and digitization of commerce, crypto advocates caution that state-controlled digital currencies reduce user autonomy and innovation compared to decentralized alternatives.

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