... savings. Historical Examples of Deposit Freezes in Russia Russia has faced several financial crises that included deposit freezes or devaluation of savings. Here are key examples: Soviet Union, 1991: The collapse of the USSR led to hyperinflation and the devaluation of savings in Sberbank accounts, effectively wiping out household wealth. 1998 Crisis: The ruble’s collapse and banking sector failures made it difficult for depositors to access their funds, causing significant financial losses. Pavlov’s Reforms, 1991: Restrictions on cash withdrawals and temporary freezing of savings accounts were introduced....

... Moderate Ruble Weakening According to estimates from experts consulted by "RBC Investments," the year 2025 is likely to bring about moderate weakening of the ruble. They suggest that the dollar rate will fluctuate within the range of 100-115 rubles, but a severe devaluation is not expected due to: The Russian economy continues to adapt to external shocks. The Central Bank is pursuing an inflation-targeting policy and maintaining currency reserves. A positive trade balance continues to support the national currency....

... international situation on the stock market. Real case example: In 2014, the RTS index lost a significant portion of its value amid the introduction of sanctions against Russia and a sharp fall in the ruble to dollar exchange rate. Although stock prices in rubles remained relatively stable, their value in dollars fell sharply due to devaluation. This situation underscored the importance of the RTS index for foreign investors evaluating the Russian market. Where is the RTS index used? By investors: To evaluate the profitability of Russian assets from the perspective of global investors....

.... Reducing debt burden. With the growth of money supply, interest rates may decrease, facilitating debt servicing. Negative Risks: Acceleration of inflation. Excessive growth in money supply can lead to rising prices for goods and services. Currency devaluation. If the money supply grows faster than the economy, it can lead to a decline in the ruble exchange rate. Distortions in financial markets. Excess liquidity may lead to speculative asset price growth. What Should Investors Pay Attention To? The growth of money supply is a signal that investors should consider when shaping their strategies....

... last time oil companies contributed to the budget was in February 2021, after which payments have only been made in favor of the oil companies. This was influenced by the recovery of petroleum product prices after the COVID-19 pandemic, as well as the devaluation of the ruble, which made external prices in ruble terms higher than domestic prices. However, this raises a question: if the damper is meant to cover the costs incurred by oil companies due to shortfalls in exports, why are European market prices used for ...