In the coming quarter, the country's central bank will begin looking into two potential international models for settling CBDC transactions. According to reports, Russia's central bank is getting ready to develop a cross-border settlement system utilizing a central bank digital currency (CBDC) in light of the ongoing sanctions imposed on the country as a result of its invasion of Ukraine. Kommersant, a Russian news outlet, reported on January 9 that the Russian central bank is looking into two different cross-border settlement models in preparation for the launch of the country's digital ruble in the first quarter of 2023. In the first model, proposed, different countries enter into individual bilateral agreements with Russia to combine their CBDC systems. Each treaty would lay out the procedures to be followed when converting or transferring assets between countries. The second, more involved model suggests a central hub where Russia can interact with other countries and w...