In Russia, they are considering the issue of launching an industrial mortgage at 5%

The relevant ministries must work out the issue of launching the so-called industrial mortgage in Russia at a rate of up to 5% per annum by June 9. According to the press service of the government on Monday, Prime Minister Mikhail Mishustin gave such an order.

The issue of launching an industrial mortgage in Russia will be worked out — providing preferential loans to enterprises at a rate of up to 5% per annum for the purchase of real estate directly from an industrial developer , — quotes TASS message.

This will be done by the Ministry of Industry and Trade, the Ministry of Finance, the Ministry of Economic Development with the participation of the heads of a number of regions. The results must be reported to the government by June 9. The instruction was given following the results of the 26 meeting of the government commission on the development of small and medium-sized businesses in May. Earlier, Russian President Vladimir Putin instructed the Ministry of Industry and Trade to consider the possibility of implementing an industrial mortgage mechanism.

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