RUSSIA-SANCTIONS-CRISIS

A protester holds a banner reading "Foreign currency mortgages - SOS" during a rally against the banks and the growth of the dollar in central Moscow on December 28, 2014. With Russia's mortgage industry still in its formative phase, taking out a loan to buy a home is considered risky business. Even before the crisis, interest rates of 10 to 12 percent on foreign currency loans -- and 12 to 14 percent on ruble-denominated mortgages -- mean many Russians will wind up paying double to triple the principal borrowed on 15- to 20-year loans. The group of foreign currency mortgage holders says Russia's financial crisis, exacerbated by falling oil prices and Western sanctions over Ukraine, has transformed their loans into "financial slavery". AFP PHOTO / DMITRY SEREBRYAKOV (Photo credit should read DMITRY SEREBRYAKOV/AFP via Getty Images)
A protester holds a banner reading "Foreign currency mortgages - SOS" during a rally against the banks and the growth of the dollar in central Moscow on December 28, 2014. With Russia's mortgage industry still in its formative phase, taking out a loan to buy a home is considered risky business. Even before the crisis, interest rates of 10 to 12 percent on foreign currency loans -- and 12 to 14 percent on ruble-denominated mortgages -- mean many Russians will wind up paying double to triple the principal borrowed on 15- to 20-year loans. The group of foreign currency mortgage holders says Russia's financial crisis, exacerbated by falling oil prices and Western sanctions over Ukraine, has transformed their loans into "financial slavery". AFP PHOTO / DMITRY SEREBRYAKOV (Photo credit should read DMITRY SEREBRYAKOV/AFP via Getty Images)
RUSSIA-SANCTIONS-CRISIS
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460866392
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December 28, 2014
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