Russian Finance Minister Anton Siluanov believes that Russians do not need dollars, but it is correct to use rubles.
He stressed that it is best for Russians to keep their savings in federal bonds and join a long-term savings program.
„If you have a penny, it is a reliable and profitable investment. You won't regret it”, he remarked.
According to the minister, the long-term savings program will allow a person to save for an apartment or a “good dowry”.
The long-term savings program began to operate in Russia on January 1, 2024. It provides for state co-financing of citizens' personal contributions - up to 36 thousand rubles per year for three years, as well as a special tax relief - up to 52 thousand rubles per year when paying installments up to 400 thousand rubles.
Earlier, Siluanov stated that cryptocurrencies should not be considered as a source of enrichment, but are a good tool for external payments under sanctions.
„Bitcoins? Many see them as a source of quick cash, but I don't recommend it. No need to invest in cryptocurrency. It is very unstable, it will go up and down”, he said.
At the same time, the authorities legally allowed the use and mining of cryptocurrencies.
He recalled that due to the sanctions there are restrictions on settlements in the currencies of hostile countries and not all banks are ready to work with Russian companies.
„Our country has a lot of electricity, why not mine this currency? But what should we use it for? For international payments, for external payments. In the current conditions, this is justified. Today there are many other ways to make good money. So in this regard, we will use it”, concluded the minister.