Subsidy Aims to Stem Falling Russian Apartment Sales

March 31, 2015 7:18 PM

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Subsidy Aims to Stem Falling Russian Apartment Sales

Government program would help finance purchases in wake of rising interest rates

Apartment sales in Russia stayed relatively strong for much of last year even as the country’s economy steadily weakened in the face of declining energy prices and Western sanctions tied to the war in Ukraine.

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