In the Duma introduced a law on the renewal in 2020 compensation for Soviet deposits

In the state Duma a bill for the full compensation for pre-reform deposits in the savings Bank. Its authors were members of the faction “Fair Russia”, reports RIA Novosti with reference to the database of the lower house. This initiative has followed a negative conclusion of the Cabinet of Ministers.

As explained by the Agency, under current law, the recovery of the savings that were held in the USSR savings Bank before June 20, 1991, should be implemented mainly through the translation of their target debt obligations of Russia. However, so far not adopted the Federal laws, which start the mechanism of the transfer of deposits to the trust debt obligations of Russia and establish the procedure of their service. Due to the lack of these laws and, according to the report, the sources of their financial support, since 2003, extended the moratorium on the start of payments.

If the bill, which was introduced fraction SRS is adopted, it will remove the moratorium, which affects payments on insurance premiums and investments in government securities of the USSR and RSFSR, made before 1 January 1992.

The negative conclusion of the government is based on the fact that the annual budgetary allocations of the Federal budget for the implementation of the law, by estimations of developers of the project will amount 1,135 trillion rubles. Source of funding called the “increased revenues”. The law “on the Federal budget in 2019 and the planning period of 2020 and 2021 years” for compensation for pre-reform deposits is provided by 5.5 billion rubles annually. The proposed SRS size “annually provided budget allocations of the Federal budget is 200 times the current,” reads the conclusion of the Cabinet.

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