“An additional 49.6 billion rubles will be allocated from the government’s reserve fund to support the “Preferential Mortgage” and “Family Mortgage” programs.

It is noted that this will help improve the living conditions of at least 82 thousand citizens.

In particular, 33.4 billion rubles will be used to subsidize the Preferential Mortgage program. 

Russian Prime Minister Mikhail Mishustin said earlier that the Russian government would continue to support subsidized mortgage programs.