Putin Highlights Digital Ruble, BRICS Payment System with 2025 Rollout Amid US Tariff Threats

At the ‘Russia Calling!’ forum, Russian President Vladimir Putin discussed the potential of national digital currencies, emphasizing their role in shaping the future of BRICS. He highlighted how these currencies could create a new investment platform and reduce reliance on the US dollar. Putin also announced that the digital ruble would be integrated into Russia’s federal budget starting next year, with a nationwide rollout planned by mid-2025. The initiative aims to enable cheaper, smoother business operations, facilitate global trade in rubles, and enhance Russia’s financial independence. Despite warnings from US President-elect Donald Trump, including threats of 100% tariffs, Russian officials confirmed that work on the BRICS payment system would continue. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant