# Digital ruble will undercut bank profits but help businesses: Bank of Russia
“# Digital ruble will undercut bank profits but help businesses: Bank of Russia ” Russia’s digital ruble is expected to reduce business costs, but could also cut profits for commercial banks, according to Elvira Nabiullina, the chairwoman of the Bank of Russia. At a Dec. 3 meeting of “Opora Russia,” a non-governmental organization of small-…