Millions of Russians will not be able to leave the country for loans

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Ilya Pitalev / RIA Novosti

More than a million residents of Russia will not be able to travel abroad because of debts to banks. This was announced in the Federal service of court bailiffs (FSSP), reports TASS.

“Every third debtor is restricted in the right to departure for limits of the Russian Federation”, — have informed in FSSP, noting that on September 1, the number of restricted to travel abroad was about 1.3 million credit debtors. Most of the regulations regarding the restriction of travel was issued in Krasnodar region, Moscow, Bashkortostan, Tatarstan and Moscow region.

Debtors struggling with collection of revenues and the seizure of property, however, only a quarter of Russians owed to banks really is a property which can provide debt. For the first eight months of 2018 bailiffs collected from debtors on loans 85,9 billion. This is 5.4 billion more than in the same period of 2017.

Earlier it was reported that the Russians were more likely to take consumer loans for the down payment on mortgage loans. This is a dangerous trend for the banks and for the borrowers as it leads to a significant increase in debt burden. For six months the Russians have as many such loans as for all of 2017.

Video, photo All from Russia.

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