Anton Siluanov pointed out that the initial step should involve launching the program, followed by an assessment of its performance before making any decisions.
MOSCOW, July 30th - The Russian Finance Ministry may reconsider extending the co-financing period for the long-term savings program after it has been initiated, according to Minister Anton Siluanov's interview with TASS.
"We should allow the program to operate effectively for a few years. If the need arises, we can then revisit the possibility of extending the co-financing period," the minister stated in response to a question regarding the potential extension of the current five-year co-financing period. "First, we need to launch the program, evaluate its performance, and then make a decision," Siluanov added.
On July 10th, Russian President Vladimir Putin signed a law that officially launched a new program aimed at encouraging long-term savings for citizens.
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