President of the Russian Federation suggested including the spending on windows, doors, and built-in furniture in amounts covered by mortgage loans for new homes

The President of the Russian Federation instructed the Government, together with DOM.RF and involving the Central Bank and the Deposit Insurance Agency, to consider including the spending on Russian-made windows, doors, and built-in furniture in the amount covered by mortgage loans for new homes, according to the Kremlin website. This assignment shall be fulfilled by June 1, 2023.

The Cabinet of Ministers in cooperation with DOM.RF, the Central Bank, and the Deposit Insurance Agency shall also develop additional support measures for private housing projects that use Russian timber products, specifically, by reimbursing banks and DOM.RF for the revenue lost because of the subsidized mortgage loans.