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Russian Lawmaker Suggests Compatibility Between China and Russia's CBDCs for International Payments

Anatoly Aksakov, a leading Russian lawmaker, has suggested that China and Russia's CBDCs could be made compatible for international payments between the two nations. Aksakov, who is the Chairman of the State Duma Committee on the Financial Markets, made the comments at a CBDC-related forum. He also stated that the digital ruble could be used for international payments and that it was necessary to introduce the new currency to the country in stages. Additionally, Denis Polyakov, the Deputy Director of the Department of the Russian Central Bank's National Payment System, claimed that the digital ruble would allow domestic businesses to reduce costs and ordinary citizens to make quick transfers without commission.

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