OREANDA-NEWS From the end of May, the Bank of Russia will limit risky mortgages with extremely low rates, which were issued after March 15 of this year, the regulator said in a statement.

"The Bank of Russia discourages the issuance of mortgage loans, the full cost (PSK) of which is significantly lower than the market level. From May 30, 2023, for such loans issued after March 15, 2023, banks will need to form additional reserves," the Central Bank writes.