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Monday, December 18

18:30

Public lecture on 'Franco-Russian Relations in the New International Environment' by Minister for the Economy and Finance in France Bruno Le Maire

Piggy Bank in Crisis, or How Russians Save

More than half (51%) of Russians did not make savings before the current economic crisis and are not making any today. As of the end of 2016, 70% of Russians did not have any outstanding loans or debts. Researchers of the HSE Institute for Social Policy (ISP) examined Russians' borrowing and saving behaviour in the ‘Monitoring of Russian Population in 2016: Revenues, Expenditures and Social Well-being’.