The Finance Ministry will not extend its subsidised mortgage


Moscow. On 19 January. The program of subsidizing interest rates on mortgages in the primary housing market won’t be extended, consider other measures to support the mortgage, told reporters, Deputy Finance Minister Alexei Moiseev.

“The subsidies won’t last. This does not mean that there will be other measures to support the mortgage, but the subsidies won’t be extended”, – he said, noting that specific measures are now discussed.

Launched in the spring of 2015 the program is for a period up to March 2016.