NEWSWATCH: “Mortgages vs. pensions and blasts from the past”

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BNE covers the impact of the Russian economic crisis on mortgage holders, and resulting unrest.

Russia is in a painful place and freeing the ruble in November last year may be acting as a very effective shock absorber in the face of plummeting oil prices, but it also means that the brunt of the pain is being borne by the people. … angry protestors gathered in the slush outside the Central Bank of Russia (CBR) offices on Moscow’s Neglinaya Street in recent days to hurl insults and cry for help after their FX-denominated mortgages became unaffordable.

Click here for BNE Intellinews – MOSCOW BLOG: Ben Aris in Moscow – February 9, 2016