The Russian-occupied Kherson region of Ukraine will transition to using the ruble from May 1, according to Russian state media.
The Deputy Chairman of the Civil-Military Administration of the region, Kirill Stremousov, told the RIA-Novosti news agency that the transition period will take up to four months during which both the Russian ruble and the Ukrainian hryvnia will be in circulation. After that, there will be a full transition to the ruble.
CNN was unable to independently verify Stremousov’s statement.
Some context: Previous CNN reporting confirmed that Russian forces had installed a new local government in Kherson on Tuesday.
The installation took place days after Russian forces took control of the Kherson City Council building, removing the elected government and replacing its security with Russian military troops.