'Both Russia and the whole world are facing two major risks: firstly, the falling oil prices, and secondly, the inflation in Russia. These are the two things that are going to affect the Russian economy most,’ URSA Bank’s First Deputy GD Vladislav Khokhlov said to UrBC.

'This is why a bank deposit is a guarantee that your money will be protected from the inflation, yet it hardly brings you any profit because last year’s inflation rate as well as this year’s one are quite high (and reach between 10% and 12%). These figures are totally comparable with what the private banks offer in terms of interest, let alone the state-run ones,’ he added.

'On the other hand, a bank deposit is still much more dependable than investing in financial assets when what matters to you is not to risk or lose,’ Mr. Khokhlov observed.