The corresponding decree is published on the government website.

It was signed by Prime Minister Mikhail Mishustin.

"Loans at a preferential rate of up to 6% per annum for the purchase of housing or the construction of a private house can be obtained until December 31, 2023," the statement said.

Mishustin noted that the decision will help more families buy their own homes, as well as support a number of industries, strengthen the demand for goods and services that people need.

Earlier, the Bank of Russia told about the situation with mortgage lending in Russia.