The 2% mortgage is an economic anomaly - far cheaper than other borrowing in a region where the main interest rate is 21%. VTB's loans aim to consolidate Russia's hold on Luhansk and Donetsk.
Agathe Demarais from the European Council on Foreign Relations stated, "The aim is to consolidate Russia's long-term presence - through 30-year loans, which is highly unusual in Russia - in the occupied Ukrainian regions."
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