Russia's 2026 subsidized mortgage costs rise to 1.6-1.7 trillion rubles as rates climb

Russian Finance Minister Anton Siluanov announced that budget expenditures on subsidized mortgage programs in 2026 will reach 1.6-1.7 trillion rubles, up from previous estimates due to higher interest rates. This signals increased fiscal pressure on Russia's budget amid monetary tightening, potentially constraining other spending priorities. The exact breakdown and funding sources remain unspecified.