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News

03.09.2025 15:00:00

Russian Government assigns over 100bn rubles to fund and boost subsidized mortgage programs

The funds, needed for financing these programs, will come from the Government Reserve Fund. Specifically, 53.4bn of the allocated 100.4bn rubles will go to subsidizing the Family Mortgage program, which will enable banks to retain the annual interest rate on new loans, issued to citizens with children under the state subsidized mortgage program, at 6%. 

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Source: Government’s Press Service

 

01.09.2025 10:30:00

SCO member states agree to create Development Bank

Confirming and stressing the need and importance of creating the Development Bank, the SCO member states have agreed to intensify consultations on a range of issues related to the bank’s incorporation and functioning...

Source: SCO Summit's press releases