Sberbank Sees No Mass Interest in Digital Ruble

Sber currently sees no obvious mass interest in the digital ruble and does not expect high demand for it.

Consensus

Sberbank does not see evident mass interest in the digital ruble.
Sberbank does not expect high demand for the digital ruble.
The digital ruble's share in turnover is expected to be in tenths of a percent.
The digital ruble is not expected to have a significant impact.
Sberbank is preparing for mass rollout and will monitor its effects.
The digital ruble is intended for payments and transfers, not investment.
The digital ruble has already been launched and is no longer just a theoretical concept.

Sberbank's deputy chairman noted that there is no interest in the digital ruble from other market participants, private or corporate clients, or financial institutions that would actively promote its use. — vesti
Skvortsov stated that the digital ruble is a negative for the financial sector because funds leave banks and cannot be reinvested, effectively isolating them on central bank accounts. — vesti
Skvortsov compared the digital ruble to an 'elephant in the room' that has now been taken out, allowing people to see who is actually happy about it. — vesti
Galaktion Kuchava, an expert from 'Narodny Front. Analitika', warned that fraudsters may exploit the digital ruble launch to deceive Russians and steal money or personal data. — vesti
Kuchava emphasized that any proposals related to 'investing in the digital ruble' are 100% fraud, as it is not an investment instrument. — vesti