Putin proposed extending insurance of bank deposits to investment accounts
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Russian President Vladimir Putin proposed extending the insurance mechanism to long-term individual investment accounts (IIA) of Russians with insurance coverage of 1.4 million rubles – as with the insurance of bank deposits.
“The insurance mechanism needs to be extended to long-term individual investment accounts. Here, the maximum amount of insurance, insurance coverage, can be 1 million 400 thousand rubles per person, that is, the same as for insuring bank deposits,” the head of state said during the investment forum “Russia Calling!”
He believes that such a measure will make it possible to attract funds from citizens into long-term projects – “the construction of infrastructure, logistics corridors, terminals, and other large-scale long-term projects.”
In recent years, bills have been repeatedly introduced into the State Duma that would extend the mechanism for insuring bank deposits to investment accounts. In 2017, a similar bill was submitted to the State Duma, after which it successfully passed the first reading. However, in the summer of 2023, during the consideration of the initiative in the second reading, it was rejected by parliamentarians. The head of the State Duma Committee on the Financial Market, Anatoly Aksakov, called the reason for this the negative position of the Central Bank and brokers.
Read more in the article “Kommersant” “Insurance doesn’t fit into the bills.”
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