Russia’s President Vladimir Putin has recommended new measures to assist small and medium-sized companies by offering them with funds to proceed paying salaries to staff as an alternative of laying them off amid the Covid-19 pandemic.
Throughout a gathering with the members of the federal government on Wednesday, Putin proposed including the hardest-hit non-food corporations to the listing of small and medium-sized companies.
The president mentioned that, ranging from Could 18, corporations that retained no less than 90 p.c of their staff will obtain wage funds from the state. Assist might be calculated primarily based on the full variety of staff as of April 1. Every worker of such affected corporations will have the ability to declare cost within the quantity of 1 minimal wage (12,130 rubles, or $ 160). All eligible corporations will have the ability to apply for such help till 1 Could.
The pinnacle of state additionally mentioned that no less than 75 p.c of the amount of loans for the cost of salaries needs to be secured by ensures from Russia’s largest improvement establishment VEB.RF, and that the measure needs to be expanded.
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He additionally proposed offering tender loans to replenish the working capital of important corporations. “With regard to systemically essential enterprises, I ask the federal government to finalize their listing, on the idea of clear, goal standards. It ought to embrace enterprises which might be extraordinarily essential for your complete nationwide financial system,” he mentioned.
Among the many measures introduced was additionally a bundle of 200 billion rubles ($ 2.6 billion) from the federal authorities to assist regional budgets.
The president has individually recommended allocating over 23 billion rubles ($ 308 million) for the aviation business, which stays one of the crucial affected by the worldwide pandemic, with most passenger flights canceled and lots of nations’ borders closed.
In line with Putin, the federal government wants to guage the effectiveness and adequacy of measures taken in response to the pandemic, and to give you options.
The variety of confirmed circumstances in Russia has jumped in current days to over 24,000, with 198 Covid-19-related fatalities.
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