3 Roubles The Republic of Adygeya

Adygeya is one of Russia's smallest federal subjects — an autonomous republic geographically surrounded entirely by Krasnodar Krai, an administrative oddity dating to Soviet-era ethnic territorial designations for the Adyghe people. The Bank of Russia has issued a long-running series of regional commemoratives under its collector program, and Adygeya has appeared in it before. This 2022 entry is a late continuation of that series, struck at a point when Western sanctions following the February invasion of Ukraine had already begun disrupting Russian financial markets, though the domestic precious-metals minting program continued without public interruption.