Russian Officials Consider Seizing Deposits Amid Budget Crisis
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Insights by Echo AI
Russian officials are reportedly discussing a plan to convert large deposits into long-term bonds to address the country's soaring budget deficit. Sources close to regional governments told 'Layout' that deposits above a certain amount could be affected. A State Duma deputy suggested that the government may have no other choice but to seize deposits. However, the Russian Central Bank has repeatedly denied these rumors, stating that such a move would be 'absurd' and 'impossible'.
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