Mikhail Mishustin: We are extending the preferential mortgage program until July 1, 2021

22 October 2020, Thursday

The Russian government will extend the program of concessional mortgage lending. This was announced by Russian Prime Minister Mikhail Mishustin at a meeting of the Cabinet of Ministers. “Today the agenda of the Government meeting is an issue that concerns millions of people. We are extending the preferential mortgage program at a rate of 6.5% until July 1, 2021. Initially, it was calculated until November 1 and has proven itself well. Many families have taken advantage of this program. It helped to support the construction industry as well,” - the head of the Cabinet noted. Recall that last week, at a meeting with the Government, Russian President Vladimir Putin came up with an initiative to keep the preferential rate until July 1, 2021.