MOSCOW, Sep 22 (PRIME) -- Russia’s central bank believes it is important to apply the mechanism restricting the full cost of loans to all types of loans, not only mortgage, Chairwoman Elvira Nabiullina said on Wednesday at a meeting at the Federation Council, the parliament’s upper house.
"In order for people to see the true price of a loan with all extras, a demand that the full cost of mortgages be limited will come into force in the middle of next year. And we see it also important to extend this mechanism on all loans, to change the legislation. And we are asking for your support," Nabiullina said.
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