The State Duma extended the deferment of payments on USSR deposits for a year – Kommersant
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The State Duma adopted in the second and third readings law on the extension for a year – until January 1, 2027 – of the decision on compensation of funds that citizens invested in the USSR Savings Bank before June 20, 1991. The suspension of compensation has been extended annually since 2003. The document was sent to the Federation Council for consideration on November 9.
The document was submitted by the government for consideration to the State Duma in September to accompany the draft federal budget for 2024 and the planning period 2025–2026. The explanation to the law states that its entry will be postponed from January 1, 2026 to January 1, 2027 “due to the lack of sources of financial support and the lack of legislative scope for the application of the debt ruble.”
When transferring all guaranteed savings of citizens into targeted debt obligations of Russia, 61.8 trillion rubles will be required to pay compensation to citizens in 2024, 64.2 trillion rubles in 2025, and 66.8 trillion rubles in 2026. The financial assessment was made taking into account the total volume of guaranteed savings of RUB 345.54 billion.
According to the Bank of Russia, the number of deposits in the USSR as of January 1, 1991 amounted to 220 million, their average size was 1,734 rubles. In January 1991, as part of the monetary reform, all deposits were frozen. Citizens were allowed to withdraw less than 500 rubles from their accounts. per month. When the deposits were unfrozen, they lost their previous purchasing power. According to various estimates, at the end of 1991 it was only 2–6% of what was recorded before the freeze.
For more information about how the deposit problem arose and what compensation citizens are entitled to, see material “Ъ”.
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