Bank of Russia proposes financial support for reservists ...News

People mobilized for military service should be offered payment holidays on loans, the regulator says The Bank of Russia (CBR) recommended on Wednesday that banks and microfinance providers grant payment holidays on loans to military reservists called up under President Vladimir Putin’s decree on partial mobilization. According to the regulator, such citizens can apply to their bank or MFO for a pause in payments or a reduction in their size for all types of loans, including mortgages, for the period of mobilization. In addition, the CBR recommended not to recover from mobilized Russians and their dependents delin

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