I think Putin is watching carefully because if it works then he will introduce a similar coin from Russia. Putin will support anything that will help to reduce the reliance of trade on the US dollar so it is all inter-related.
I heard about such Russian project, called something like Crimea coin...Whatever, it is just another scam
Creating national crypto is a common thing nowadays, but El Petro was one of the first one to launch, although it proved to be a scam