The Ministry of Finance of the Russian Federation recommended citizens invest their savings in federal government bonds (OFZ) and gold, refraining from purchasing foreign currency. This was reported by the Center for Counteracting Disinformation.
The authorities present this as a 'reliable tool for preserving capital,' but in reality, it is an attempt to close the record budget deficit and continue financing the war at the expense of the population. The Russian government plans to patch budget holes by increasing debt. According to the Ministry of Finance of the Russian Federation's plans, from 2025 to 2028, national debt will rise by trillions of rubles each year. This occurs against the backdrop of a rapid increase in military spending and a decrease in revenues due to sanctions pressure.
OFZs are becoming critically important for the regime: the more citizens invest in these securities, the longer the Kremlin can continue its aggression against Ukraine.
Calls to convert savings into government debt, abandon foreign currency, and 'hold gold' are elements of a mobilization economy and financial pressure on the population. For investors, this carries serious risks: accelerated inflation, currency restrictions, possible 'freezing' of funds, and increased state control over private finances.
The Ministry of Finance of the Russian Federation recommends that citizens invest in OFZs and gold, trying to reduce the budget deficit by attracting funds from the population and also continue financing the war and preserving the power system.