The Russian economy: GDP growth and housing policy.
Central Bank Governor Neviolina stated that Russia's GDP is expected to grow up to 1% in 2026. The economy returned to an upward trajectory in the second half of the year, despite the loss of production capacity as a result of the attacks. Without these disturbances, growth would have been higher.
Regarding housing, Neviolina emphasized that citizens need comfortable homes, not just cheap mortgages. Subsidized mortgage programs have significantly lowered credit costs, but this benefit has been largely offset by rising property prices. Those who are not eligible for subsidies have faced a drop in housing prices, because access depends on square meter costs and the amount of debt, not just interest rates.