A sad and boring drama with the flooding of the titanic bank "Yugra" turns into an acute and fascinating thriller. On July 20, according to the law, payments of money to depositors of Yugra Bank were due. In total, the Deposit Insurance Agency (DIA) through authorized banks undertook to pay almost 170 billion rubles. Recall, in the bank since July 10, was introduced by external management and launched a three-month moratorium on the repayment of loans. However, in this procedure, unexpectedly and for the first time in the history of the sovereign RF, the General Prosecutor's Office intervened:

The Prosecutor General's Office appealed against the decision of the Central Bank to introduce an interim administration to the bank "Yugra" and a three-month moratorium on meeting the claims of the bank's creditors.

It turned out that Yuri Chaika's department is better than the Central Bank of Russia understands financial matters and questioned the expediency of the order to introduce external management in the bank Yugra:

The prosecutor's office found these orders groundless, as the Central Bank did not detect violations by the bank "Ugra" of mandatory standards, Yanenko said. This means, he said, that there are no grounds for appointing an interim administration to manage the bank. He noted that "the bank" Yugra "is a financially stable lending institution, has the necessary stock of liquidity and has enough funds to carry out activities."

Since the times have come quite simple, and the financial flows in northern Eurasia have become scandalized (winter is coming), then the officials do not hide the underlying actions of the Prosecutor General's Office:

Yanenko also said that "the introduction of the provisional administration will cause damage to the federal budget in connection with the implementation of insurance payments amounting to more than 170 billion rubles. Will reduce the availability of loans to small and medium-sized businesses, accelerate the inflation processes and worsen the investment climate in the country."

Simply put, there is no money in the budget to pay the insured funds that they had - let's be honest - they were stolen by virtual bankers "Khotin" (which with a high degree of probability will go unpunished). No, and that's it. And the rest is chattering. What does this mean for millions of Russian citizens who hold their funds in Russian banks on deposits? Exactly one thing:

- the refusal of the state from the system of state insurance of individuals' deposits in commercial banks, existing since 2003 in the Russian Federation.

It is clear that the refusal itself has occurred only de facto, perhaps it is still local in nature, the DIA itself will not be denied in words, but this precedent is smart enough. Waiting for the stage de jure - quite naive and stupid.

The fact that the system of deposit insurance in northern Eurasia turned into a time-bombing mine, our blog wrote in April this year. The idea itself is not so bad, but in the conditions of the economic recession and the large-scale crisis in the Russian Federation, it led to the transformation of banks into banal financial pyramids, to cover "holes" from the activities of which the DIA was not able to. Recall that in 2003 - 2014 the size of the state-guaranteed deposit increased from 100 thousand to 1.4 million rubles!

While the oil-mother cost $ 80- $ 100, and Western banks willingly opened their credit lines to Russian "colleagues," the DIA had everything a bundle: the agency collected a few tens of billions of rubles in insurance premiums and paid 10-20-30 billion rubles a year Depositors of collapsed banks. So in 2009, 10 billion rubles were paid, the same in 2010, 27 billion in 2011, 15 billion rubles in 2012, and in 2013 it bombed - payments totaled 104 billion rubles. In 2014, there were "krymnash" and a drop in oil prices (without any green energy, we will note) in world markets in two and a half times. The consequences were disastrous.

DIA payments began to grow in avalanche as the financial and credit sector of the Russian Federation cleared:

2013 - 103.9 billion rubles;
2014 - 202.4 billion rubles;
2015 - 369.2 billion rubles. This year, the entire deposit insurance fund was out!
2016 - 669.5 billion rubles. To pay this huge sum, the DIA had to request a loan from the Central Bank of Russia in the amount of 474 billion rubles (that is, this money was simply pre-printed). The agency itself reported that it collects annually about 120 billion rubles of insurance premiums. And this is clearly not enough.

For the first half of 2017, the DIA has already paid depositors of ruined and stolen private banks in Russia about 200 billion rubles! For example, only the depositors of the Tatarstan Tatfondbank are paid more than 54 billion rubles, the depositors of Rosenergobank - 34 billion rubles and so on. If we add the "Ugra" here and followed by a couple of dozens of dying "swans" (and they will be exactly the same), then the DIA payments in 2017 can calmly beat the "record" of last year. Another thing is that there is nothing to pay if you do not rely on a loan from the Central Bank of the Russian Federation (that is, again an additional issue of rubles).

The DIA has so far refused to comply with the demand of the Prosecutor General's Office in words:

The DIA will make payments in accordance with the planned schedule, "the DIA told Interfax. DIA earlier reported that the depositors of the bank will be able to receive insurance compensation in agent banks starting from July 20.

As everything will be further - it is necessary to look. In any case, to keep money in Russian banks after this precedent even within the "insured" amounts becomes already really dangerous.