Russian President Vladimir Putin has instructed the government to introduce concessional mortgages at the rate of 2 percent for young families in the Arctic by November 1. reported Kremlin website.
In the list of instructions following the results of the meeting with the head of state in July, the terms of the Far East Mortgage’s current program should be extended to include the Arctic region.
The document states that “the government of the Russian Federation will amend the terms of the Far East Mortgage program to provide an annual interest rate subsidy of 2%”.
The instruction states that we are talking about the introduction of preferential mortgage loans for the purchase of housing to young families by January 1, 2030 in the Arctic region. The application deadline is 1 November.
On July 21, Putin promise Preferred mortgages of 2% for some young families. The head of state noted that such a measure could be a serious support for Russians living in the Arctic region.
Before Putin supported The idea of developing military camps in the Arctic.