The russian government is reportedly considering freezing the bank deposits of russian citizens in an effort to stave off “rampant” inflation. This was announced by alexey zubets, director of the institute of socio-economic research at the financial university under the government of the russian federation.<\/p>\n
zubets noted that russians hold tens of trillions of rubles in their accounts, raising concerns that a reduction in deposit interest rates could lead to a mass withdrawal, triggering uncontrolled inflation.<\/p>\n
These statements suggest that all efforts to stabilize russia’s financial system have so far failed. Freezing deposits would be a drastic measure, and even the announcement of such a policy could spark a “banking panic.”<\/p>\n
While such restrictions might keep funds in the banking system, they fail to address the underlying causes of inflation, which has already surpassed projections. If people lose access to their savings, it could result in consumer panic and drive up prices for essential goods.<\/p>\n
This move highlights once again that russian officials prioritize the kremlin’s ambitions over the interests of the people, disregarding public opinion and assuming that the population will remain passive and unable to protest.<\/p>\n","protected":false},"excerpt":{"rendered":"
The russian government is reportedly considering freezing the bank deposits of russian citizens in an effort to stave off “rampant” inflation. This was announced by alexey zubets, director of the institute of socio-economic research at the financial university under the government of the russian federation. zubets noted that russians hold tens of trillions of rubles…<\/p>\n","protected":false},"author":3,"featured_media":22878,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","wds_primary_category":930,"footnotes":""},"categories":[930],"tags":[],"class_list":["post-22877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rf-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/22877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/comments?post=22877"}],"version-history":[{"count":0,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/22877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media\/22878"}],"wp:attachment":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media?parent=22877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/categories?post=22877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/tags?post=22877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}