FX.co ★ Russia to issue federal loan bonds for individuals

Amid a prolonged economic slowdown, the Russian government took a sudden interest in savings of its population. The Russian Ministry of Finance urgently started to issue federal loan bonds hoping to sell them to the citizens who have already forgotten how risky it is to gamble with the government. Russian Finance Minister Anton Siluanov hopes that responsible citizens will start buying federal loan bonds in large quantities. In his opinion, the population can provide loans for the government with money that was put away for a rainy day.

The Russian Prime Minister also believes that Russians tucked away trillions of rubles, which, in his opinion, could work for the domestic economy. “We have trillions of rubles that could develop the economy, but they remain idle. Both federal and regional authorities should make sure that this money starts to work,” Medvedev said. Therefore, when a country has problems – oil price weakens, foreigners refuse loans – the population shouldn’t stash their money away. The only hope of the Russian government is patriotic Russians who will have a great opportunity to prove their love and show support for the Motherland.

The issue of government bonds for citizens is planned for April, so quite soon Russians will be able to show their civic position and financially help the government!