Russian govt to help homeowners with foreign currency mortgages
https://www.rt.com/business/330457-foreign-currency-mortgage-protest/
The Kremlin has agreed to allocate 4.5 billion rubles ($60 million) to help homeowners stuck with foreign currency mortgages. Seduced by lower interest rates, thousands have seen mortgage payments more than double as the ruble collapsed, and now risk losing their homes.
https://www.rt.com/business/330457-foreign-currency-mortgage-protest/
The Kremlin has agreed to allocate 4.5 billion rubles ($60 million) to help homeowners stuck with foreign currency mortgages. Seduced by lower interest rates, thousands have seen mortgage payments more than double as the ruble collapsed, and now risk losing their homes.
On Wednesday, desperate borrowers tried to block a central Moscow street leading to the Kremlin. The protesters, who are customers of different banks, are threatening mass protests if the banks do not make concessions.
