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    KHRISTENKO: MORTGAGE IMPORTANT FOR RUSSIA'S DEVELOPMENT

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    MOSCOW, February 26 /RIA Novosti/ - The Russian government is discussing the concepts of the bills aimed at developing mortgage lending practices in the county, acting Prime Minister of Russia Viktor Khristenko has said this Thursday after chairing the government meeting for the first time in this capacity.

    "The bills aim to cut loan rates and protect all mortgage lending parties," Khristenko explained.

    According to the acting Prime Minister, "the development of mortgage practices is the most important component of the country's development."

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