Original Russian-language government resolution, 46 pages, approving the rules under which the state housing corporation DOM.RF compensates lenders for mortgages issued at a preferential rate for the purchase or construction of housing in the four occupied regions. The instrument creates the so-called "2 per cent mortgage" for the "new regions".
Resolution No. 2565 is the financial instrument behind the new property market in occupied cities such as Mariupol. It approves rules for federal subsidies to DOM.RF, which in turn compensates banks for the difference between the market rate and a preferential rate of 2 per cent on loans for buying or building housing in the DPR, LPR, Zaporizhzhia and Kherson Oblasts. The subsidy is available only where the borrower is a citizen of the Russian Federation: the title of the rules refers to loans "issued to citizens of the Russian Federation", and citizenship is a condition of eligibility. The rules set the maximum loan, the terms on which lenders join the programme and the reporting they must make. In practice the mortgage is marketed to buyers from Russia as well as to local residents who have taken Russian passports, and it is the mechanism through which, according to the Mariupol City Council in exile, three-quarters of new flats in the city have been bought by Russian citizens. It is central to TOT Insights research on settlement, property and de-Ukrainianisation.
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Key provisions
Purpose. Federal budget subsidies to the joint-stock company DOM.RF to reimburse lenders' lost income on mortgage loans issued for the purchase or construction of dwellings in the DPR, LPR, Zaporizhzhia and Kherson Oblasts.
Eligible borrowers. Citizens of the Russian Federation. A resident of the occupied territories who has not taken Russian citizenship cannot borrow under the programme.
Rate and subsidy. The borrower pays 2 per cent per annum; the subsidy covers the gap between that rate and the key rate plus a margin, for the life of the loan, within the limits set by the rules.
Eligible housing. New-build flats bought from developers, houses built under contract and, under later amendments, certain secondary-market dwellings; the loan ceiling is set in the rules.
Lenders. Banks and DOM.RF itself join by agreement and report monthly on loans issued.
Analytical note
The programme couples two policies that TOT Insights research treats as the core of settler emplacement: a reconstruction-led property market in cities emptied by the siege, and a finance channel open only to the occupying power's own citizens. It is the instrument that makes a flat in Mariupol "cheaper than in Russia" for a newcomer and unattainable for a resident who keeps a Ukrainian passport.