In Russia, payments on USSR deposits have been suspended again
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The Federation Council approved the law on the next postponement of the decision on the settlement of obligations on civil deposits placed before June 20, 1991 in the Sberbank of the Soviet Union, as well as on state insurance deposits made before January 1, 1992.
The effective date of the law providing for full compensation of deposits in Sberbank of the USSR is postponed to January 1, 2027.
The effect of this law has been suspended by deputies every hour since 2003 due to the lack of sources of financial support, “Interfax” notes.
The Law on Compensation of Deposits of the USSR determines the procedure for converting Soviet rubles into debt rubles. The rate of debt rubles is determined based on the cost of the necessary social set.
The financial assessment is based on the total amount of guaranteed savings in the amount of more than 345.5 billion rubles. The nominal value of the debt ruble is 31.5 – according to the latest estimate of Rosstat on December 30, 2002.
According to the government, in the case of transferring all the guaranteed savings of citizens into debt obligations, their repayment in 2024 would require almost 62 trillion rubles, in 2025 – more than 64 trillion, in 2026 – about 70 trillion.
The income of the federal budget of Russia in 2021 amounted to 25 trillion rubles, with expenses of 24.8 trillion.
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