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The Cabinet of Ministers will allocate up to 20 billion rubles for loans to businesses
The Russian government will allocate up to 20 billion rubles for a loan support program for entrepreneurs in the industries most affected by the coronavirus. New loans will be issued from November 1 to the end of the year.
This was announced by the head of the Cabinet of Ministers of the Russian Federation Mikhail Mishustin today at a government meeting. He clarified that the preparation of the regulatory framework for additional measures to support business in the face of an increase in the incidence of coronavirus will be completed today. The FOT 3.0 program aims to keep organizations busy and operational.
Earlier IAA EastRussia reported that the government of the Russian Federation for grants to SMEs and socially oriented non-profit organizations will allocate 38,5 billion rubles... Acceptance of applications will begin on November 1. Funds will begin to flow from November 15th.