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Politics 1 min read Source: JustMedia

Putin is going to stop "unrestrained growth of regional lending" in commercial banks

Putin is going to stop  unrestrained growth of regional lending  in commercial banks
photo JustMedia

In Russia, it is necessary to stop the unrestrained growth of regions' crediting for economically unreasonable high interest rates in commercial banks. This was stated at a big press conference by Russian President Vladimir Putin.

"Perhaps it is possible to refinance for state loans at a lower interest rate. But they do not do this. Why? Is there collusion between the authorities and commercial banks? We need to introduce restrictions, "the head of state specified..

He added that so far this initiative has not even been spoken with members of the government of the Russian Federation.

Recall, December 6, Vladimir Putin said that he will run for the election of the head of state in 2018. Today is the 13th large press conference of Russian President Vladimir Putin. He answers questions from Russian and foreign journalists usually for at least three hours. This year, the event was accredited to 1.6 thousand people.

Source: JustMedia
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