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Russians invested 600 bln rubles in non-transparent financial products

Russians invested 600 bln rubles in non-transparent financial products The influx of almost 4 million new investors - individuals on the stock market in 2020 turned out to be somewhat unexpected for the the Bank of Russia and was associated with the growth of substitutes for investment life insurance © Gavriil Grigorov/TASS MOSCOW, January 21. /TASS/. Russian citizens have invested about 600 billion rubles ($8.1 bln) in complex financial products with a non-transparent structure, First Deputy Chairman of the Bank of Russia Sergei Shvetsov told reporters. The influx of almost 4 million new investors - individuals on the stock market in 2020 turned out to be somewhat unexpected for the regulator and was associated with the growth of substitutes for investment life insurance (ILI). The official stressed that even for people with special education it is difficult to determine the price and profitability of such products.

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