The state will support airports in view of declining passenger traffic.
Russian airports can begin to apply for subsidies. Prime Minister Mikhail Mishustin approved the financial support guidelines.
To receive a subsidy, an airport must be registered in Russia. There are restrictions for companies with foreign participation: the percent of the legal entity that is registered in a low-tax jurisdiction or in an offshore zone must be below 50 percent.
The subsidy applicant cannot be undergoing reorganisation, liquidation or bankruptcy. Other requirements include lack of debt owed to the federal government and the willingness to accept accounting audits.
The subsidies must result in uninterrupted operations and maintaining employee numbers.
To support Russian airports and organisations in the same group, 10.9 billion roubles are earmarked. The money will come from the Government’s Reserve Fund following Russian President Vladimir Putin’s instruction. The subsidies will support airports suffering from decreased passenger traffic in the context of the coronavirus.