Russia tests digital ruble in bid to bypass sanctions

August 16, 2023

PUBLISHED : 16 Aug 2023 at 07:45

A woman walks past a currency exchange office in Moscow on Aug 14, 2023, the day the Russian ruble hit its lowest level against the dollar since March 23, 2022 — shortly after Moscow launched its military operation in Ukraine. (Photo: AFP)

MOSCOW: Russia began testing its new digital ruble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.

The testing phase comes as the ruble lingers at its…