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Stepashin has discussed who will lift the Russian economy out of the crisis  

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Stepashin has discussed who will lift the Russian economy out of the crisis  

The construction industry could lift the Russian economy out of the crisis.


As our special correspondent Alexei Nevsky reports from the meeting of the Public Council at the RF Ministry of Construction, Housing and Utilities, Sergei Stepashin, Chairman of the Supervisory Board of Housing and Utilities Foundation, has made this announcement.

According to him, 2016 and 2017 will be hard, but housing and road construction could become points of growth to spur industry and the economy.

The Minister of Construction, Housing and Utilities, Mikhail Menn, expressed his hope for the continuation of the mortgage loan program subsidies from the federal budget, which reaped good results in 2015.

This program is still operational until April 1st, 2016. It started on March 1st, 2015. Speaking on the collection of finance for capital repair, the Deputy Minister of Construction, Andrei Chibis, pointed out that on average this index in January 2016 has been 77%, though in some regions it has reached 85%.

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