Russian banks also rarely offer 30 year mortgages, only 10-year to the average person, exactly because of shit like that happens every 20 years like clockwork (

Russian banks also rarely offer 30 year mortgages, only 10-year to the average person, exactly because of shit like that happens every 20 years like clockwork (from TFA): > In late 2024, the Kremlin became increasingly aware that its off-budget funding scheme is unleashing potentially disruptive systemic financial risks, such as prohibitively high interest rates, liquidity and reserve problems at banks, and a severely compromised monetary transmission mechanism. Those liquidity and reserve problems always end the same way: the majority of regular people lose their deposits. My grandfather didn’t get his first bank account until 2020 and that was only to easily receive money from family in other countries, not to store his existing money.