Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
NOVO-OGAREVO, February 1. /TASS/. The Russian government has decided not to extend the program on subsidizing interest rates on mortgage rates, First Deputy Prime Minister Igor Shuvalov said at a meeting between Russian President Vladimir Putin with members of the government.
"Considering quite significant stabilization on the financial market and the low inflation that we have at the end of 2016, the government decided not to continue this program (to subsidize mortgage rates), because the commercial banks now offer mortgage rates from 12 % or less," Shuvalov told the President.
Mortgage interest rates will decline in 2017 following the key rate of the Bank of Russia, according to Shuvalov.
"We hope interest rates of Sberbank, VTB 24 and other commercial banks will go down along with the key rate reduction throughout 2017 and mortgages will be more affordable for our citizens," Shuvalov said.