Alexander Novak held a meeting of the subcommittee on increasing the sustainability of the housing construction industry

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Deputy Prime Minister Alexander Novak held the eleventh meeting of the subcommittee on increasing the stability of the financial sector and individual sectors of the economy, where the situation in the sphere of housing construction was discussed.

The event was attended by Deputy Prime Minister Marat Khusnullin, Minister of Economic Development Maxim Reshetnikov, Minister of Energy Sergei Tsivilev, representatives of other federal government bodies, investment banks, organizations in the housing construction and coal industry sectors, as well as the Moscow city authorities.

"This industry requires close attention. It is necessary to discuss the current situation, the progress of implementing decisions already made, as well as the advisability of taking additional support measures," said Alexander Novak, opening the meeting.

Participants examined in detail the dynamics of launching new projects, housing sales, issuing mortgage loans, as well as the financial and economic state of systemically important organizations operating in the industry.

Following the discussion, the Deputy Prime Minister instructed the Ministry of Finance and the Ministry of Economic Development, together with the Ministry of Construction, to work out the measures presented at the meeting to ensure the sustainability of the construction industry.

The members of the subcommittee also supported the initiative to expand the boundaries of the Bachatsky coal mine in the Kemerovo Region. This will allow maintaining the current level of energy coal production at the deposit and supporting the metallurgy market, whose enterprises consume the mine's output.

In addition, at the meeting, based on proposals from industry departments, targeted adjustments were made to the list of systemically important organizations of the Russian economy.

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