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Director / Editor: Victor Teboul, Ph.D.
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Russia’s Dollar Mortgage Protesters Face Evictions from Tumbling Ruble

Russians who took out mortgages in foreign currencies have been hit hard by the drop in value of the ruble, and many are struggling to make payments or are facing eviction.  In recent months, groups of dollar and euro mortgage holders have held protests at Russian banks demanding restructuring of loans.  During protests in March, demonstrators briefly disrupted banking services.  Some held signs asking Russian authorities to help, while others voiced dissatisfaction at the...


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