Russia Rubles Casinos

Russian Ruble Throughout History

The Russian ruble is the Russian Federation’s official currency. It’s also used unofficially in the partially recognized republics of Abkhazia and South Ossetia. The currency is used unofficially in the unrecognized republics of Donetsk and Luhansk too. The history of the Russian ruble is pretty extensive, and it dates back to the 14th century. It first circulated as a coin in 1704 before the Russian Empire was established and was later replaced by the Soviet ruble. Its replacement lasted until 1991. It was swapped for the modern Russian ruble near the end of the year.

There are currently 11 denominations of the Russian ruble in circulation. These include seven banknotes and four coins. The banknotes are 50, 100, 200, 500, 1000, 2000, and 5000 rubles. While the coins are 1, 2, 5, and 10 rubles. Despite Russia’s powerhouse status, the currency isn’t too popular on the foreign exchange market. Currently, the Russian ruble takes 17th place as the most traded currency worldwide.

Casino Deposit Methods That Support Russian Ruble

Russia may be strict when online gambling is in question, but that doesn’t mean foreign sites need to adhere to its rules. Many online casinos and betting sites welcome Russian players and accept Russian ruble transactions! Unfortunately, the good news pretty much ends there. The country’s done a superb job of restricting payment services from accessing online gambling sites, so players are limited in this regard. If you’re looking for casino payment options where Russian rubles are a viable option, here are your best bets:

• Moneta.ru: Moneta.ru is a Russian eWallet service that’s pretty popular among Russian online casino fans. The service works like most popular eWallets. Players can set up an account, load their wallet, and use it to deposit and withdraw at a venue of their choosing. While Moneta.ru offers users a safe way to transact online, it does have a few drawbacks. One of them is the hefty fees attached to transactions. Another is the restrictions that come with withdrawals.
• Yandex: Yandex is another payment option that caters to Russian users looking to gamble online. The service skirts around the country’s restrictions, allowing players to make safe transactions across multiple gambling sites. One of the biggest advantages of using Yandex is the anonymity players get. Of course, this is further enhanced by the quick transaction processing times and the reasonable fees. It’s also worth noting that this online service is one of the country’s leading payment methods, so you can use it for e-commerce payments in other fields too!
• VISA Qiwi: VISA Qiwi is another Russian payment service that gives players the option to transact in online casinos. Like most of the options on this list, Qiwi is an eWallet. What sets it apart from the rest is that users can like their Qiwi wallet to a virtual VISA card. The card can be created in just a few minutes and can be further used to deposit and withdraw in all casinos that accept VISA! Naturally, this gives users access to tons of venues, on top of offering safe and quick

Russian Ruble Gambling Restrictions

All online gambling is illegal in Russia. The country is pretty harsh on gambling in general, as it has recently started enforcing stricter regulations for traditional land-based gambling as well. The legality of online gambling, or rather the lack thereof, is due to a law passed in 2006. The restrictions placed on land-based gambling were ruled in 2009, making the activity legal in only four different areas. Despite all of this, plenty of online gambling sites have made themselves available in the country and accept Russian players.

It’s good to note that Russia takes the online gambling ban seriously. The country has taken several measures to keep citizens away from online gambling with varying success. A court ruling in 2012 forced Russian internet providers to block a myriad of gambling sites from a blacklist. If they fail to comply, they risk losing their license to operate on the territory! Unfortunately, there doesn’t seem to be much interest in regulating online gambling in Russia at the moment. While there have been some mentions of it by government officials in the past, it’s a low priority.