Budgetary and Legal Regulation of Transactions involving the Digital Ruble

The adoption of amendments to the Budget Code in 2025 established the parameters of budgetary and legal regulation concerning the digital ruble. The distinctive features of the budgetary and legal regime of the digital ruble include the existence of a unified account for the digital ruble, opened by the Treasury of Russia at the Bank of Russia, and the transit nature of transactions conducted through the digital ruble account. This structure allows for the avoidance of reductions in the balances of cashless rubles in the unified treasury account. The phenomenon of the «budgetary ruble» that has emerged with the introduction of the treasury payment  system generally facilitates the execution of payments upon the occurrence of specific conditions stipulated by budgetary legislation. Given that the existing treasury payment system guarantees the traceability of cashless funds and employs all modern payment technologies, the advantages of the digital ruble platform can be significantly implemented in transactions conducted within the banking system outside the state treasury framework, such as parafiscal payments and banking support. 

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