Bank

VTB launches preferential mortgages for construction of private homes - Interfax

The amount of the mortgage can be up to 12 million rubles for construction in the "capital", and up to 6 million rubles in other subjects of the Russian Federation. The term is up to 30 years.

The rate of 6.3% is available with personal insurance of the borrower and the registration of ownership of the house within one year from the date of the loan agreement. Pledge serves as a plot on which it is planned to build, and after the construction - the house.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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