In fact, on 17 July 1993, Russia withdrew from the ruble zone of the CIS, the ruble as a means of payment in the interconnected CIS economy virtually ceased to exist, Viktor Chernomyrdin's government deprived Russia of its ability to control all the cash and the issue of the economy depended on it republics of the ruble zone.
Two days later, President Boris Yeltsin issued a decree where the exchange amount was increased to 100,000 rubles (about US$100) per person, and the deadline was extended until August 1993.
The limitation was also aimed at combating the influx of currency notes from the former Soviet republics.
As a result, many people did not physically have time to exchange their cash savings, and their money was gone.
In the second half of 1993, Russia tried to negotiate with the neighbors on the establishment of a new type of ruble zone, but only Belarus signed an agreement to combine their monetary systems in the future.