According to him, the ministry is already preparing proposals on “what could be done when the cut-off happens in terms of issuing new loans”.

Among other things, possible mechanisms are being studied, “so that specific people who have fallen into difficult life situations can gradually get out of it”.

“Let's not increase the problem in size, do not push it there. Because our estimates suggest that it will explode in 2021, we will not reach to 2022, ”said Oreshkin.

He also noted that the level of debt load of the population is not a bubble in terms of the economy as a whole and the financial system and the risk to the stability of the financial system.

Earlier, Deputy Finance Minister Alexei Moiseev said that the debt burden of Russians goes beyond a critical level.