Advantages and potential risks of introducing the digital ruble in modern Russia.

The article is devoted to the analysis of the advantages and potential disadvantages of the launch of the digital ruble in modern Russia. Russia, like other countries, is currently trying to develop dynamically in the digital sphere. The launch of a digital national currency in such a large-scale economy as the Russian one will indicate an advanced level of digitalization of the country and its competitiveness in the international arena. The research characterized the main properties of the Russian national digital currency based on the Russian Central Bank data, and, furthermore, showed the potential positive and negative consequences of the digital ruble introduction. The conducted research proves that the established deadlines for testing the digital ruble are quite accelerated, but still reasonable and correspond to the current geopolitical realities. Despite the fact that the Central Bank is likely to face a significant number of risks when introducing digital currency into the Russian financial system, premature study of potential problems, as well as the timely response of the Central Bank to them, will help to survive the emerging critical situations economically painlessly. In this case, the digital ruble will have a positive impact on the digitalization of the economy in Russia, increasing the stability of the financial system and minimizing dependence on foreign sanctions pressure.

digital ruble, risks, CBDC, Bank of Russia, digitalization, money, financial system, international finance, finance, digital currencies