Implementation of the digital ruble as a means of improving the transparency of financial flows

Aim. The work aimed to study the implementation of the digital ruble as a means of increasing the transparency of financial flows in the Russian Federation (RF).
Objectives. The work seeks to analyze research by contemporary economists on various aspects of the digital ruble implementation; to examine the stages of development of the Central Bank digital currency (CBDC) from a global perspective; to explore the potential for introducing the digital ruble as a means of increasing the transparency of financial flows and ensuring the targeted use of loans; and to identify the advantages and challenges of implementing the digital ruble.
Methods. The study employed a comprehensive approach, general scientific methods, and comparative economic analysis.
Results. The experience of developing, implementing, and disseminating CBDCs in several foreign countries was examined, and the specific features of this process were identified. The dynamics of non-cash payments in Russian trade turnover from January 2017 to May 2025 was analyzed. Challenges associated with introducing the digital ruble into the Russian financial system as a mechanism for strengthening control over cash flow were identified. The study demonstrated the influence of technological, legislative, financial, and institutional factors on the adoption and development of the digital ruble.
Conclusions. The digital ruble integration into the Russian financial system could lead to a significant reduction in the shadow economy and increased transparency of financial transactions, as well as become an effective mechanism for reducing corruption and the shadow economy. An analysis of changes in the share of non-cash payments in Russia’s trade turnover from January 2017 to May 2025 revealed increased public interest in digital payment instruments and a growing demand for faster and more convenient financial transactions. The digital ruble will enable the state to monitor effectively the fund transfers and conduct ongoing audits of the budget and personal funds of individuals and legal entities. This will significantly reduce the time required to process financial transaction data and improve the efficiency of tax administration. However, to ensure financial security, it is necessary to develop methodological units and regulatory framework for the digital ruble circulation.

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