Overview

• Finance Minister Anton Siluanov told the State Duma budget and taxes committee the measure was reviewed again this year but not adopted.
• He warned banks must retain capital to build reserves in a high-rate environment to avoid potential rescues.
• The ministry weighed the effect on budget revenues that depend on payouts from major state-owned banks, including Sberbank.
• Siluanov noted banks earned about 3.8 trillion rubles last year and expects roughly similar profits this year.
• The option was also examined in 2024, signaling a cautious approach to trading short-term receipts for financial stability.