Russia concerned about influx of business money into deposits instead of investments
Russian companies have begun to massively place money on deposits instead of investing in the economy.
With a high key rate, businesses prefer to keep their funds in bank accounts instead of investing them in development.
As a result, there is a massive influx of money into deposits and a decline in investment activity in the country, writes RBC .
In this regard, the Ministry of Industry and Trade proposed that the Bank of the Russian Federation consider the possibility of making deposits less profitable for businesses.
The proposal is to reduce the attractiveness of savings in accounts and encourage companies to invest in economic sectors.
The head of the State Duma Committee on Financial Markets, Anatoly Aksakov, confirmed that such an initiative is being discussed.
According to him, it is important to find a balance so that the money sitting in bank deposits starts working for the economy.
