Social payments in digital format will become accessible from October 2025
The Russian government and the Central Bank have announced plans to roll out the digital ruble system, scheduled for October 2025. This move is intended to improve financial control and budget transparency, as well as enhance the efficiency of social benefit distribution.
According to the Ministry of Finance, the digital ruble system is expected to offer increased convenience for those who prefer digital transactions over traditional methods. It may also potentially reduce costs associated with traditional payment methods for social benefits.
Recipients of social benefits will have the right to choose between receiving payments in digital rubles or through traditional methods. This choice is a key aspect of the digital ruble's implementation, as experts, including the European Central Bank, propose the introduction of digital currencies and emphasise the importance of consumer and business benefits in the transition.
The digital ruble system is designed to provide a secure and efficient method for social benefit payments. All operations with the digital ruble will be traceable from sender to receiver, ensuring transparency and accountability. This real-time tracking of social benefit payments may facilitate enhanced transparency and accountability.
The government, in collaboration with the Central Bank, will determine the list of expenses that can be made in digital currency, including social benefits. The government and the Central Bank are also responsible for determining additional expenses that can be made using digital rubles.
To use the digital ruble system, recipients will need to have a bank's app and open an account. This requirement aims to ensure a smooth and secure transition to the digital currency.
The digital ruble system's implementation is expected to increase budget transparency and improve financial control further. As of October 2025, Russians can receive social benefits in digital rubles, marking a significant step towards a more digitally-focused financial system in Russia.
