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The Federation Council approved the law on the postponement of compensation for Soviet deposits for a year

MOSCOW, Nov. 2 The Federation Council at a meeting on Wednesday approved a law to suspend for another year – until January 1, 2026 – the start of the law “On the Basic Cost of the Necessary Social Set”, designed to fully compensate for pre-reform deposits of citizens in Sberbank.
In 1995, a law was passed guaranteeing the restoration and preservation the value of citizens' savings placed before June 20, 1991 on deposits with Sberbank and before January 1, 1992 – on deposits in state insurance organizations of the Russian Federation and state securities of the USSR and the RSFSR.

According to the accepted norm, the restoration of savings should be carried out by transferring them into targeted debt obligations of the Russian Federation using the debt ruble. At the same time, the cost of one debt ruble is determined based on the change in the ratio of the control cost of the required social package and its base cost, and the base cost of the set is set at 464 USSR rubles. The Russian Federation and regulating the procedure for their maintenance have not yet been adopted. Due to the absence of these laws and sources of financial support, the operation of the law “On the Basic Cost of the Necessary Social Set” has been suspended annually since 2003.
According to the Russian government, when all guaranteed savings of citizens are converted into targeted debt obligations of the Russian Federation, their repayment would be required : in 2023 – 62.7 trillion rubles, in 2024 – 65.6 trillion, in 2025 – 68.2 trillion rubles.

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