In the state Duma once again worried about the fate of the departed in the Wake of the market reforms of the contributions of Soviet citizens. The relevant question, as reported by the Chairman of the faction of United Russia Sergei Neverov, raised the Duma Committee on financial market. In the language of the official Protocol, we are talking about “settlement of obligations placed before June 20, 1991, for deposits in the savings Bank till January 1, 1992 – contributions in the organization of state insurance of the Russian Federation and the government securities of the USSR and RSFSR”. Independent experts argue that the chances of a “settlement”, as there was in the previous three decades, so there is now.
the Deputies remembered about the Soviet contributions right now is not accidental: in the near future in the state Duma is scheduled to report in the course of which, this issue is likely to be raised. The fact that the government we have recognized the debt to the citizens of 30 years ago and even recorded their obligations in law. That’s just really to implement the law – that is, to pay affected investors – none of frequently changing Russian governments had failed.
Recall that the money saved citizens of the Soviet Union and held in their accounts in the savings Bank – the only one available to them the Soviet Bank was destroyed cash Pavlov reform of 1991, hyperinflation, appeared in 1992 above 2500%, the “freezing” of deposits and other delights “shock therapy”.
However, the government subsequently legally their obligation is recognized and promised to return their citizens savings. The total debt of 315 billion rubles in prices of that period, the number of victims is 40 million. In 1995, a law was passed that the state guarantees the restoration and preservation of citizens ‘ savings placed on deposits of Sberbank before 20 June 1991. The restoration of savings, according to the document, should be carried out by their transfer in target debt obligations of the Russian Federation.
just to turn these commitments into real money the government no. Indeed, since the Russian ruble has experienced a number of metamorphoses, and its rate of inflation has changed in hundreds of thousands of times. Even far from the economy people it is clear that today the ruble is not equal then.
However, on this occasion, in the 90s, was adopted the law “On the basic cost of the necessary social set”, which actually sets some “rules of translation” Soviet monetary obligations in Russian rubles. But all of these recalculations are purely paper – virtual in nature, because in reality “there’s no money but you stay.” Therefore, since 2003, the implementation of this law shall be suspended.
However, according to economic rationale, which is presented each year in ��odumu, the financial implications of the transfer of the guaranteed savings of citizens in target debt obligations of the state in 2020 are estimated at 45,4 trillion in 2021 – 47,22 trillion in 2023 – 49,11 trillion rubles.
“Such money to the state to take nowhere, – says the chief economist of rating Agency “Expert RA”, associate Professor of Economics of Moscow state University Anton tabah, Since that’s about half the annual GDP of Russia, of 2.25 annual Federal budget or 5.5 volume of Fund of national well-being.”
Independent experts believe that the state ever, and even more in the near future, will be able to make full payment of those losses: the money is really there. However, if it is to agree on some, albeit partial, but real compensation (for example, in one then the ruble to pay five today), it will be perceived by society positively. Moreover, recipients of these payments will be mostly elderly people and hardly, most of them spoiled high incomes. Better the government will find in their store a real one and a half trillion, and assign them to the Soviet contributors, will draw in the legislative papers fantastic sum of 45 to 50 trillion, that no one will ever see.
on the other hand, over the years has grown up a generation that is likely unaware of the fact of such compensation, and has already given up on the Soviet money that had saved their parents and grandparents, and that was time lost in the early 90s.
“It’s good that the deputies were concerned about the restoration of savings of citizens. But it is not clear if in a rather “well-fed” the previous years the authorities were unable to find funding sources for recovery of funds Russians “stuck” in sberbankovskie contributions, where the money will end up in extremely difficult because of the pandemic, prolonged quarantine, compression of consumer demand and falling energy prices 2020?”, – asks the rhetorical question Alexey Korenev, an analyst CC “Finam”.
Even more rigidly assess the situation Anton tabah. “The government is not interested in the implementation of the law on guaranteeing the restoration of the Soviet savings because depositors are either dead, or 29 years of lost hope to return the money,” – says the expert.
