A major Russian bank launched a 2% mortgage rate that is available only in occupied Ukraine.
The incentive is in keeping with other Russian attempts to cement its hold on occupied Ukraine.
AdvertisementRussia is debuting a rock-bottom mortgage rate with a catch: it's only available if you live in a warzone.
"The aim is to consolidate Russia's long-term presence — through 30-year loans, which is highly unusual in Russia — in the occupied Ukrainian regions," she told Business Insider.
Ukraine says Russia has offered financial incentives, up to 5 million rubles or $51,000, to Russians who move there.
Persons:
—, VTB, Agathe Demarais, topsy
Organizations:
Service, Russia's VTB Bank, NATO, geoeconomics, European Council, Foreign Relations, Reuters
Locations:
Russian, Ukraine, Russia, Luhansk, Donetsk, Ukrainian