Russia raids pension pots to plug investment hole | The Bell

Russia raids pension pots to plug investment hole

Alexandra Prokopenko Alexander Kolyandr

Hello! Welcome to your weekly guide to the Russian economy, written by Alexandra Prokopenko and Alexander Kolyandr and brought to you by The Bell. This week we dig into the details of a controversial new scheme designed to tap pension pots for investment funds.

State targets future retirees to address investment woes

Amid a budget deficit and a lack of ideas about how to boost economic growth, the Russian authorities are returning to a problem they’ve been trying to fix since the early 2000s — the lack of long-term finance in the economy. This time, the finance ministry is proposing a new way to get hold of the pension savings of tens of millions of people to channel into investments.

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