Russian Ruble Denominated Mortgage Holders Cry Foul Over Soaring Rates

Russian foreign currency mortgage holders cry foul over soaring rates

The collapse of Russia’s rouble has triggered protests by people trapped in dollar-dominated mortgages. On Sunday, members of the Russian Foreign Currency Borrowers’ Community appeared among crowds in Moscow’s Red Square wearing t-shirts emblazoned with the phrase “Slave of foreign currency mortgage.” Police detained dozens of demonstrators who called on the government to act. “They will…