Author`s name Pravda.Ru

Mortgage Credit System should Be Market- Not Subsidy-Based - Vladimir Putin - Comments

A system of mortgage credits should be market-, rather than subsidy-based, said Russian leader Vladimir Putin as he opened in the Kremlin on Thursday a meeting of the State Council presidium. Only in this case, believes the Russian president, will it be possible to draw into this system "finances adequate to the scale of the country's current housing problem".

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