The authorities are preparing measures to support housing demand

The authorities are preparing measures to support housing demand and increase the availability of mortgage programs for privileged categories of citizens. Deputy Prime Minister Marat Khusnullin instructed the Ministry of Finance, together with the Ministry of Construction and the DOM.RF. is considering the possibility of allowing banks to "disband the macroprudential capital buffer" accumulated from December 2022 to May 2025.

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Putin was informed about the pace of construction in the Russian regions and told about new infrastructure facilities.

The reserves were pledged for loans with a down payment of at least 20% and are intended to mitigate economic shocks. Izvestia has reviewed the minutes of the June meeting with the Deputy Prime Minister.

"The buffer system was introduced after the global financial crisis of 2007-2009. Reserve capital buffers for banks are shock absorbers during periods of economic stress. Their presence allows them to absorb losses, while maintaining the provision of key services to the real sector of the economy," Dmitry Tortev, a member of the expert council of the State Duma Committee for the Protection of Competition, told Izvestia.

In fact, the government is considering the possibility of easing the policy of banks in order to support the construction industry, the expert believes. At the same time, according to him, it should be understood that the anti-crisis reserves of banks guarantee greater strength of the country's financial system.

According to Dmitry Tortev, the Ministry of Finance and the Central Bank may not take measures to mitigate financial and banking regulation, justifying this by the need to ensure economic stability.

The minutes of the meeting indicated that the reason for the reduction in mortgage loans was, among other things, the cancellation of commissions charged by banks to citizens and developers when issuing such preferential programs, follows from the minutes of the meeting with the Deputy Prime Minister. These fees appeared in 2023, when state-backed mortgages became unprofitable for banks. Developers provided subsidies to the credit institution — this was considered as compensation for lost income.

In April 2025, the Central Bank proposed to ban banks from charging fees for preferential mortgage programs. Sberbank and VTB have canceled them for developers under this program since mid-May.

Read more in the exclusive Izvestia article:

Let's go all in: the authorities are preparing measures to support housing demand