Interest saver

Russians flock to easy loans as incomes fall

ST. PETERSBURG, Russia — Wanting to buy her first car, a Hyundai sedan, Elmira Agaliyeva applied for a bank loan of 800,000 rubles in 2016, the equivalent of about $12,600. Within an hour of completing the application, it was approved. “Of course it was a good feeling, because everything I had thought of doing could […]