russia\u2019s deputy finance minister has urged citizens to buy federal loan bonds (OFZ) and gold instead of foreign currency. This is being presented as a \u201creliable savings tool,\u201d but in reality, it\u2019s an attempt to patch up the record budget deficit and keep funding the war at the expense of ordinary russians.<\/p>\n
\u25ab\ufe0f According to the kremlin\u2019s plan, budget gaps will be covered through debt: from 2025 to 2028, the ministry of finance intends to increase state borrowing by trillions of rubles annually, while war spending continues to rise and revenues shrink under sanctions. OFZ bonds have become critical for the regime \u2014 the more people \u201cinvest\u201d in them, the longer the Kremlin can prolong its war.<\/p>\n
\u25ab\ufe0f Encouraging citizens to move their savings into government debt, abandon foreign currency, and \u201chold gold\u201d reflects elements of a mobilized economy and growing financial pressure on the population. The risks for investors include inflation, currency restrictions, potential asset freezes, and tighter control over private funds. The formula is simple: \u201ceverything for the front\u201d \u2014 at the cost of citizens\u2019 own well-being.<\/p>\n
As oil and gas revenues decline, the russian government is desperately searching for resources to continue its war \u2014 proving it has no intention of ending it. The new call to buy OFZ bonds is another way of funneling people\u2019s money into the kremlin\u2019s war machine.<\/p>\n
Earlier, the Center reported on massive cuts to enlistment bonuses across russian regions and the growing reliance on debt financing for the war, which has already led to freezes in the pension fund.<\/p>\n","protected":false},"excerpt":{"rendered":"
russia\u2019s deputy finance minister has urged citizens to buy federal loan bonds (OFZ) and gold instead of foreign currency. This is being presented as a \u201creliable savings tool,\u201d but in reality, it\u2019s an attempt to patch up the record budget deficit and keep funding the war at the expense of ordinary russians. \u25ab\ufe0f According to…<\/p>\n","protected":false},"author":3,"featured_media":39222,"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-39221","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\/39221","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=39221"}],"version-history":[{"count":0,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/39221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media\/39222"}],"wp:attachment":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media?parent=39221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/categories?post=39221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/tags?post=39221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}