Russia's Central Bank Downplays Digital Ruble Liquidity Outflow Risks

Bank of Russia Governor Elvira Nabiullina stated at an international banking forum that the central bank does not aim to accumulate large balances in digital ruble accounts and sees no risk of massive liquidity outflow from the banking system, framing the digital ruble as a settlement tool rather than a deposit substitute. This is a continuation of the central bank's existing stance, with no new policy shift. The statement aims to reassure banks and markets amid ongoing digital ruble rollout, but actual adoption dynamics remain uncertain.