The Russian Ministry of Finance urges citizens to buy OFZ: who finances the war instead of themselves.

According to inkorr.com: The Ministry of Finance of the Russian Federation advised citizens to invest their savings in federal loan bonds (OFZ) and gold, while urging them to refrain from purchasing foreign currency. This information was disseminated by the Center for Counteracting Disinformation.

Purpose of Government Recommendations

The authorities position this as a 'reliable way to preserve capital', but in reality, it is an attempt to close the record budget deficit and continue financing military actions at the expense of citizens. The Russian government plans to address budgetary issues by increasing debt. According to forecasts from the Ministry of Finance of the Russian Federation, state debt will grow annually by trillions of rubles from 2025 to 2028 due to rising military expenditures and decreasing revenues as a result of sanctions.

OFZ bonds are critically important for the regime: the more citizens invest in these securities, the longer the Kremlin can continue its aggression against Ukraine.

Risks for the Population

Calls to transfer savings into state debt, avoid foreign currency, and 'hold gold' are components of a mobilization economy and financial pressure on the population. This creates significant risks for depositors, such as accelerated inflation, currency restrictions, possible 'freezing' of funds, and increased state control over private finances.

Thus, the Ministry of Finance of the Russian Federation recommends investing in OFZ and gold, trying to reduce the budget deficit by attracting funds from the population and maintain funding for the war, while continuing to support the power system.

These recommendations reflect the Russian government's attempt to change financial policy amid resource constraints. In the face of economic challenges that the country is facing, the active promotion of investment in government bonds may raise concerns among the population that is facing inflation risks and financial control.