Russian President Vladimir Putin indicated that authorities expect citizens to withdraw at least 250 billion rubles during the first year of the long-term savings program. The remark was reported by TASS and highlighted as part of a broader plan to fund projects with extended payback periods.
Officials emphasized that funds would support infrastructure development, logistics corridors, terminals, and other major initiatives with long time horizons. Although the initial amount may seem modest for the country, the leadership underscored the importance of starting the program to build momentum for future growth.
On September 2, Vladimir Chistyukhin, First Deputy Governor of the Central Bank of the Russian Federation, acknowledged that interest in long-term savings among Russians is cautious. He suggested gentle encouragement toward saving over the long term and proposed ensuring that the interests of corporate employees are protected. Chistyukhin also noted that the program would become more attractive if banks or pension funds acting as intermediaries offer compelling conditions.
Earlier in the year, a law launched a new long-term savings program for citizens, with participation open to people aged 18 and older. Participants are required to coordinate with a non-state pension fund and set up regular contributions. The state provides co-financing at specified rates, and payments can be directed toward personal goals or for the benefit of others within a family or organization.
Additional information related to the policy is referenced in domestic publications. The overall aim is to make the long-term savings initiative a practical tool for building financial resilience and supporting large-scale national projects.
The leadership has stressed the intent to ensure the program is useful and accessible, while monitoring how incentives, intermediary institutions, and regulatory measures influence participation and savings behavior over time.