Russia launches industrial mortgage

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The Russian government has prepared a document on industrial mortgages, Prime Minister Mikhail Mishustin said. According to him, within the framework of the program, enterprises will be able to take loans for the purchase of production facilities, the maximum amount of preferential loans for industrial mortgages will be 500 million rubles. “We expect that such a tool will allow industrial enterprises to optimize the cost of acquiring new premises – but this is usually a very costly part of the estimate – to maintain interest in expanding production, launching promising projects, creating new jobs,” said Mr. Mishustin (quote from the government’s Telegram channel). The news is being supplemented

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