Mishustin promised business assistance in debt restructuring

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www.vsyako.netMichael Mesostigmata: press service of the presidential Administration of the Russian Federation

Prime Minister of Russia Michael Mishustin has promised small and medium-sized businesses, to victims in connection with the spread of the coronavirus, assistance in debt restructuring. On Thursday, April 30, reports TASS.

“More efforts will be made to small and medium businesses. In addition to the loans at a zero rate, small and medium enterprises of the affected industries will be easier to get preferential microloans, as well as to restructure their debt,” — said the head of the Cabinet in the government meeting.

Earlier it was reported that Russian business has already received interest-free loans for the payment of wages to employees totaling more than 15 billion rubles.

To support SMEs, Russian banks began to issue interest-free business loans, to allow companies to pay staff salaries. The amount of issued funds is determined taking into account the number of employees and minimum wage in the calculation for six months.

Support for entrepreneurs is provided by the national project “Small and medium entrepreneurship”, which is implemented in Russia at the initiative of President Vladimir Putin. It involves the increase in the number of employees in small and medium enterprises, including individual entrepreneurs, to 25 million people by the end of 2024, increasing the share of SMEs in GDP to 32 per cent and the share of exports of SMEs — up to 10 percent of the total by 2024. Only the implementation of the project it is planned to allocate more than 481 billion.

Video, photo All from Russia.

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