Russia may introduce a "week-long cooling-off period" for home purchases.

According to Mikhail Delyagin, deputy chairman of the State Duma Committee on Economic Policy, the initiative is aimed at combating fraud in the secondary housing market. Under the draft, the money from the sale of an apartment will not be immediately transferred to the seller — the bank will hold it for about a week. During this time the buyer will be able to check the documents and ensure the transaction is legitimate, reports Lenta.ru. A similar measure has been in effect since September for large loans: citizens are given time to change their minds and cancel the transaction without penalties. As Delyagin noted, the increase in housing scams is connected to the fact that, due to rising prices of new developments and mortgage restrictions, buyers are increasingly choosing the secondary market, where the risk of falling victim to fraudsters is higher. The drafters believe the new rule will help protect citizens from forged documents, fake powers of attorney and the sale of apartments with "double" ownership rights.

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06 November 2025 18:34 Economics Representatives of three Nizhny Novgorod companies took part in the Dubai International Content Market, which was held from 4 to 5 November 2025 in Dubai. Support in organizing and fitting out the booth was provided by the regional Export Support Center (ESC) in line with the aims and objectives of the national project “International Cooperation and Export.” The Center covered the costs of the fit-out and staffing of the collective booth, the rental of necessary equipment and furniture, and the payment of registration fees for representatives of SMEs. Support for the participation of Nizhny Novgorod organizations in this particular exhibition was organized by the regional ESC for the first time. “We regularly organize the participation of Nizhny Novgorod companies in major international events. At the exhibition in Dubai, representatives of the media industry showcased their developments in the field of entertainment content. For regional companies this is an excellent opportunity to show their product to foreign colleagues and exchange knowledge,” said Maxim Cherkasov, Minister of Industry, Trade and Entrepreneurship of the Nizhny Novgorod Region. Since the beginning of 2025, experts from the regional Export Support Center have organized the participation of Nizhny Novgorod companies in eight exhibitions: Ruplastica 2025, Prodexpo 2025, Russia Halal Expo 2025, Belagro 2025, KazBuild 2025, Innoprom.Belarus 2025, InRussia 2025, and MiningMetals 2025. Recall that in 2024, as a result of trade fair events in which Nizhny Novgorod enterprises took part using state support measures, 62 companies concluded export contracts totaling $11.4 million with companies from Belarus, Kazakhstan, Kyrgyzstan, Sudan, Iran, Saudi Arabia, Mongolia, Kuwait and the UAE. These contracts envisage the export of food products, medical equipment, construction materials, auto components and other goods. The national project “International Cooperation and Export,” initiated by Russian President Vladimir Putin, is being implemented in the Nizhny Novgorod Region by the regional Ministry of Industry, Trade and Entrepreneurship. The national project includes three federal projects: “Industrial Export,” “Export of Agricultural Products,” and “Systemic Measures for the Development of International Cooperation and Export.” For reference, information about all business support measures at the federal and regional levels can be found at the “My Business” center (мойбизнес52.рф), which operates within the federal project “Small and Medium Entrepreneurship” of the national project “Efficient and Competitive Economy.” The center also operates the “My Business” hotline where all necessary information can be obtained. Hotline phone number: 8 (800) 301-29-94 (toll-free). NIA “Nizhny Novgorod” has a Telegram channel. Subscribe to stay informed of major events, exclusive materials and news. Copyright © 1999—2025 NIA “Nizhny Novgorod.” When republishing, a hyperlink to NIA “Nizhny Novgorod” is mandatory. This resource may contain 18+ materials. On November 1, a complaint was filed with the Sovetsky District Court concerning a change to the operating schedule of post office No. 613310 in the urban-type settlement of Verkhoshizhemye, demanding that the local Office of the Federal Postal Service's schedule change be declared unlawful and that compensation be paid for the moral damage caused.

Russia may introduce a "week-long cooling-off period" for home purchases.

The State Duma is drafting a bill that will introduce a mandatory cooling-off period for real estate transactions.