More support for the hardest-hit industries.
The country’s backbone companies that have sustained highest losses from the coronavirus outbreak will receive support from the Government. A government resolution includes an approved list of measures and rules for providing this support.
At this point, 1,151 companies have been recognised as vital to the economy. Each of them is eligible for a loan with a subsidized interest rate. The hardest-hit companies will receive even more support, including subsidies to compensate their expenses, tax deferments and deferments for advance tax payments, as well as the government surety required to reschedule their current loans or obtain new loans or bonded loans.
Companies seeking support are required to undergo a qualification test. The applications of those companies that, based on the test results, are recognised as being exposed to high risk must be verified and reviewed by the Interdepartmental Commission and the Government Commission for Increasing the Sustainability of Russia’s Economic Development.