Russia Implements Controversial Laws Restricting Transgender Rights and Digital Currency

Experts believe that Russia's plans to launch a crypto-based "Digital Ruble" will not help the country evade Western sanctions in the near future. While Russian officials claim that the new currency could undermine the U.S.-led global financial system, independent experts argue that the Digital Ruble is unlikely to assist with sanctions avoidance. The Digital Ruble is currently designed as a domestic payments system, and the necessary infrastructure for cross-border payments is not yet in place. Additionally, concerns remain about the toxicity of the Russian ruble as a currency and the reluctance of other countries to engage in trade with Russia due to sanctions fears.