Russian region reduces teachers mortgage rates to 0.7%

The preferential mechanism will apply in the Far East, according to VTB

Teachers in Russia's Far East will be able to receive a loan at a minimum rate under the government-backed Far Eastern Mortgage program, VTB board member Svyatoslav Ostrovsky announced at the Eastern Economic Forum (EEF) on Monday.

The mortgage initiative will start on September 15 and be available for state and municip