Long-term household savings as a factor in strengthening Russia's financial sovereignty

Nikita Zelenchenkov

doi:10.12737/2587-9111-2026-14-3-67-76

UDC

336.74 33

LONG-TERM HOUSEHOLD SAVINGS AS A FACTOR IN STRENGTHENING RUSSIA'S FINANCIAL SOVEREIGNTY Long-term household savings as a factor in strengthening Russia's financial sovereignty

АА Аа

Published in Scientific Research and Development. Economics · Pages 67–76 · Rubric: Finance

DOI: https://doi.org/10.12737/2587-9111-2026-14-3-67-76

Received: 10.03.2026 Accepted: 17.06.2026 Published: 17.06.2026

Authors

Nikita Zelenchenkov

Plekhanov Russian University of Economics Graduate student · Department of State and Municipal Finance

ABSTRACT

The financial sovereignty of a state largely depends on its economy's ability to rely on domestic sources of financing and "long-term capital." This article examines the role of long-term household savings in strengthening Russia's financial sovereignty. It analyzes the dynamics and structure of Russian household savings over the past decade, noting their relatively low propensity to save. A comparative review of savings rates in Russia and abroad is conducted. The study analyzes the methods employed by state authorities over the last 20 years to stimulate citizen savings and assesses the outcomes of these initiatives. The main section focuses on the State Program for Long-Term Savings (LTS), analyzing its advantages and risks. The conclusion formulates the findings that further measures are necessary to stimulate the growth of long-term savings: adapting state programs for different population groups and enhancing financial literacy and trust in financial institutions.

KEYWORDS

long-term savings, financial sovereignty, savings rate, savings behavior, long-term savings program, financial literacy

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GOST

Zelenchenkov N. S. Long-term household savings as a factor in strengthening Russia's financial sovereignty // Scientific Research and Development. Economics. 2026. no. 3. pp. 67-76. DOI: https://doi.org/10.12737/2587-9111-2026-14-3-67-76. (Date of access 16.09.2026).

MLA

Nikita Zelenchenkov. "Long-term household savings as a factor in strengthening Russia's financial sovereignty." Scientific Research and Development. Economics 14.3 (2026): 67-76. DOI: https://doi.org/10.12737/2587-9111-2026-14-3-67-76.

APA

Zelenchenkov N. S. (2026). Long-term household savings as a factor in strengthening Russia's financial sovereignty. Scientific Research and Development. Economics, 14(3), 67-76. https://doi.org/10.12737/2587-9111-2026-14-3-67-76

Chicago

Nikita Zelenchenkov. "Long-term household savings as a factor in strengthening Russia's financial sovereignty." Scientific Research and Development. Economics 14, no. 3 (2026): 67-76. https://doi.org/10.12737/2587-9111-2026-14-3-67-76.

WIKI

{{cite journal | author = Zelenchenkov N. S. | title = Long-term household savings as a factor in strengthening Russia's financial sovereignty | journal = Scientific Research and Development. Economics | year = 2026 | volume = 14 | issue = 3 | pages = 67-76 | doi = 10.12737/2587-9111-2026-14-3-67-76 }}

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LONG-TERM HOUSEHOLD SAVINGS AS A FACTOR IN STRENGTHENING RUSSIA'S FINANCIAL SOVEREIGNTY Long-term household savings as a factor in strengthening Russia's financial sovereignty

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