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Long-term savings co-financing period to be extended if needed — Russian Finance Minister

Anton Siluanov noted that "there is a need to launch the program at first, consider its operation, and then decide"

MOSCOW, July 30. /TASS/. The Russian Finance Ministry can return to the issue of increasing the co-financing period within the long-term savings program after its start, Minister Anton Siluanov told TASS in an interview.

"Let the program to be effective for a couple of years. We can return then to the co-financing extension period if the need arises," the minister said, answering a question whether the co-financing period of five years can be extended. "There is a need to launch the program at first, consider its operation, and then decide," Siluanov said.

On July 10, Russian President Vladimir Putin signed a law stipulating the launch of a new program for long-term savings of citizens.