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RUSSIA CONSTRUCTION

Foto: MAXIM SHIPENKOV

epa11774776 A view of a developing building project of a new district of apartment houses of one of the largest Russian developers 'Samolet' in Moscow, Russia, 13 December 2024. Banks in Russia continue to raise the mortgage rates as the Central Bank of Russia regularly raises the key rate. On 13 December, the key rate is 21 percent. In Russia, average interest rates on bank mortgage programs have approached 24 percent per annum. According to the Central Bank estimate, annual inflation equaled 8.4 percent and is expected to be 8.0 to 8.5 percent by the end of 2024. EPA/MAXIM SHIPENKOV

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