The Russian Ministry of Finance denies reports of plans to issue “patriotic bonds”

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The Ministry of Finance of the Russian Federation denied media reports about the alleged issuance of “patriotic” bonds. DEA News with reference to the press service of the department.

The ministry noted that this issue was previously discussed at the opinion level, that “there are now a wide variety of investment opportunities for citizens” and that “an additional tool is not needed”.

Formerly Interfax knowledgeableThat the Ministry of Finance recommended the government issue “patriotic” bonds. The issue of “patriotic” bonds is allegedly one of the points of the plan for the development of mechanisms and tools to ensure the financial sovereignty of the Russian Federation.

According to the agency’s source, the paper was planned to be issued on behalf of the government and distributed to the population through banks, financial platforms and other financial market institutions.

Currently, the state can use federal loan bonds for individuals (OFZ-n) to raise money from the country’s budget.

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