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State Duma of the Russian Federation

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State Duma deflates Russian real estate bubble

Russians from 2026 will be prohibited to sell and buy housing for cash. The initiative of Svetlana Razvorotneva, deputy head of the Duma Committee on Construction and Housing and Communal Services, to ban real estate transactions for cash was supported by the Prosecutor General's Office of the Russian Federation, Izvestia reports. The supervisory agency approved the deputy's proposal, noting "the prevalence of facts of remote fraud in real estate transactions", in the fight against which…

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