The authorities demanded that Russian banks mobilize support for developers

Russian banks must mobilize all resources to support developers so that they can fulfill their obligations to apartment buyers. This idea was voiced at a meeting with the head of the Ministry of Construction, Irek Faizullin, with the participation of developers, regional authorities, creditor banks, and the Federal Tax Service (FTS) of Russia, the department’s website reports.

The focus of the meeting was “the situation regarding one of the country’s largest developers.” At the meeting, Fayzullin emphasized the need to complete all projects and fulfill obligations to apartment buyers.

The material does not mention the name of this company, but among the main players in the industry, only Samolet, which faced technical defaults, recently reported problems.