The Russian regions will receive 100 billion roubles worth of grants to offset the reduction in their budget revenue, according to a directive signed by Prime Minister Mikhail Mishustin.
The funds are being allocated in keeping with the instruction of the President of Russia, and will go to 56 Russian regions where tax and non-tax proceeds as of 1 May 2020 were below the revenue generated in the same period of the past two years. The amount allocated to each of these regions will be determined taking into consideration priority spending units for the regional budgets.
This measure is expected to balance the regional consolidated budgets against the backdrop of economic restrictions related to the epidemiological situation.