This is a strange article.
The Russian-language reporting doesn't contradict what's written here, but the positive aspects of the test are missing from Tom's coverage. This includes the fact that the bank was surprised to receive a working chip, and not just a design proposal, which means that progress is far ahead of schedule.
This article also says that chips like Elbrus can be used to build large cluster systems where "scalability and energy efficiency are not a concern" but that the chip may be "good enough for office workloads". First of all, if this is a slow chip, its worst application would be to office workloads since they only benefit from single-system performance. Meanwhile clusters where "scalability and energy efficiency are not a concern" simply do not exist, but low-performing chips often excel in these applications.
The result makes this feel like a Russophobic hit piece, or ill informed at best.
I admire every government that's ensuring its own sovereignty by decoupling critical infrastructure from the semiconductor industries of its (potential) adversaries.