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NOVO-OGAREVO, January 29. /ITAR-TASS/. Russian President Vladimir Putin finds it necessary to discuss the problem of land relations with members of the country’s government.
“This is the main component of development of construction sector and housing construction, it is impossible to develop construction sector at all and resolve the housing issue without efficient, civilized settlement of land issues,” the president said, opening a meeting with members of the country’s government at the presidential countryside residence on Wednesday.
At the meeting in Novo-Ogarevo, President Putin has also demanded the government should make mortgage interest rates affordable.
“The progress in mortgage loans is evident, but under target parameters the interest rate should be lower,” Putin told a cabinet meeting on Wednesday, adding that “the government has what to work on.” “I ask you to pay attention to the economic bloc and banks.”
At the moment, “Russia’s average weighted rate totals 12.5%,” First Deputy Prime Minister Igor Shuvalov said, noting that such mortgage rates “could not be called fully affordable.