Photo - © E. O. / Fotobank Loris Associate Professor of the…

Photo - © E. O. / Fotobank Loris Associate Professor of the Financial University under the Government of the Russian Federation, Petr Sherbachenko, recommended postponing the purchase of a phone and saving money to avoid overpaying on a loan, according to NEWS.ru.

Coverage (2 sources)

• Russians told why they should not buy iPhone on credit — РИАМО
• Expert explains why one should not buy a phone on credit — Вести

Key entities

• Pyotr Shcherbachenko
• Russia
• News.ru
• Moscow
• Financial University

More on Pyotr Shcherbachenko

• Russia's Central Bank Keeps Rate at 14%
• Russia Keeps Key Rate at 14%
• Russians Distrust Income Growth Despite Official Data