Support The Moscow Times!

'Mortgage Slave' Flash Mob Detained on Red Square

More than a dozen people were detained on Red Square on Sunday during a flash mob aimed at addressing the plight of Russians who have mortgages denominated in a hard currency, local media reported.

Many of the demonstrators were wearing T-shirts that said "Slave to a Hard Currency Mortgage." Russia is struggling with a severe economic downturn that has seen its national currency lose about 40 percent of its value versus the U.S. dollar in the past year.

Reports about the rally varied on the number of people detained. OVD-Info, which specifically monitors detentions at protests, said 19 people were detained. But a rally participant named Irina Safyanova told the news site that 40 to 50 people were detained.

It is illegal to hold a rally in Moscow without the prior approval of the authorities, despite the Russian Constitution's Article 31 explicitly ensuring the right to peaceful assembly.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.