Photo: Irina Bujor / “Kommersant”
The Russian government will additionally support people who have lost Bank deposits, the press service of the Kremlin.
The head of state instructed the government and the Central Bank prior to 1 October 2020 to report on possible additional measures of support lost their depositors ‘ money. Responsible appointed Prime Minister Mikhail Mishustin and head of the regulator Elvira Nabiullina.
Earlier it was reported that a third of Russians are ready to withdraw their savings from banks at a further drop in interest rates on deposits. The money they intend to invest in securities and gold, bonds and property, which provide a higher yield.
In late July the Bank of Russia lowered the key rate by 25 basis points to 4.25 percent per annum, setting a new historic low.
Video, photo All from Russia.