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CENTRAL BANK MAY FORGIVE DEBTS OF PEOPLE AFFECTED BY A FLOOD IN THE SOUTH OF RUSSIA

... Central Bank says that the financial institutions will not collect the pledged property. These measures will not affect the credit histories of borrowers. Therefore, there should be no difficulties for clients with new loans in the future. The Central Bank confirmed the information and said that this was not the first time that such a practice ... ... to a number of resort regions of Russia located on the Black Sea coast this summer. Heavy rains and, as a result, floods hit Sochi, Anapa, Temryuk, Kerch, Feodosia, Sevastopol and Yalta. The latter was hit the most. Then, because of the flood, 1 person ...

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