The head of Russia's Financial Market Stability Committee says the digital ruble should be used for trade between BRICS countries.

Timur Aitov, Chairman of Russia's Financial Market Stability Committee, said in an interview that Russia plans to use a digital ruble for trade with its BRICS partner countries. According to DL News, Aitov said, "BRICS countries need CBDCs to transact. That's why the Central Bank of Russia is aiming to introduce digital ruble payments by September 1st." He added, "Domestic demand for CBDC is not very high. I agree with the argument that individuals, businesses, and especially banks don't need CBDCs. The digital ruble is an international project in many ways."