The potential cost savings for businesses using digital rubles for international payments could reach tens of billions of rubles each year. A study conducted by Yakov and Partners in collaboration with a leading research institution evaluated the impact of digitizing cross–border transactions. The finding cited by RBC suggests a substantial economic benefit if digital money gains a marginal share in foreign trade.
Analysts say that meaningful effects become possible when the share of digital currency in foreign trade sits in the range of one to five percent. This would depend on how quickly such digital instruments are adopted and integrated with existing payment systems across nations. The core idea is that digital rubles could streamline settlement processes and introduce new efficiencies across borders.
The real upside is expected to come from lower costs associated with international transfers. The research highlights that digital money could reduce currency conversion fees and the expenses tied to cross-border processing. By simplifying the transfer path and enabling more direct value movement, the burden of intermediaries could be lessened, benefiting both senders and recipients.
Another important factor is speed. Digital rubles have the potential to shorten settlement times, enabling faster payments between countries and reducing the delay often seen with traditional rails. This acceleration is particularly valuable for businesses that rely on timely cash flow and for operations that span multiple time zones.
Analysts note that the share of foreign trade conducted in digital currencies could rise to one to five percent, contingent on how digital currencies from different nations are harmonized and connected. At present, dozens of countries are exploring central bank digital currencies, with many actively building pilots and frameworks to support cross-border use.
The study also points to strategic implications. As a growing number of banks reduce their reliance on the SWIFT network, digital ruble transactions could emerge as a viable alternative for international settlements. This shift could influence the broader landscape of international payments, encouraging more direct and resilient routes for value transfer.
Earlier statements in the State Duma outlined plans to incorporate the digital ruble into international settlements, signaling a governmental interest in expanding the currency’s cross-border role. The discussion reflects ongoing steps to modernize financial infrastructure and diversify payment channels to better serve domestic and international participants.
Interest in information technology professionals in Russia has increased, mirroring a broader push to advance digital finance initiatives. The demand for skilled IT specialists, along with policy support and investment in digital infrastructure, is poised to influence how quickly digital currency projects scale and how effectively they integrate with global markets.