Russians will be offered to chip in for the Gazprom mega-project. Gazprom's project for the construction of a gas chemical complex in Ust-Luga worth 750 billion rubles can be financed by attracting money from the population. Igor Shuvalov, the head of Vnesheconombank, which is the main operator of the Kremlin's investment projects, said this in an interview with RBC on Monday.
The gas liquefaction and processing complex, which Gazprom planned together with Rusgazvydobuvannya, hoping to produce 3 million tons of polyethylene annually by 2024, the authorities intended to pay at the expense of the National Welfare Fund. Mortgage issuance in Russia collapsed by 40%. Russian banks in April 2020 issued 81.5 thousand mortgage loans for 184 billion rubles, which is 33% lower in number and 39% in volume compared to March figures.
Compared to April 2019, issuances decreased by 18%, according to preliminary data from the United Credit Bureau (OKB). At the same time, the bureau notes that, compared with other types of lending, the decrease in mortgage issuances is not so significant. Real estate purchase transactions have a long processing cycle, so a large number of loans were issued in April, work on which was started even before the introduction of quarantine. The government has banned the import of fuel to Russia until October. In other countries, gasoline is cheaper. The government has introduced a temporary ban on imports of fuel to Russia from abroad. The restrictions will be valid until at least October 1 of this year. The document was published on the official portal of legal information. The ban included, in particular, motor gasoline, diesel, jet fuel and marine fuel. The decree of the Russian government states that the restrictions were introduced to ensure Russia's energy security and stabilize the situation in the domestic market..