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About 6 billion rubles will be added to soft loans to Russians
The Russian government will allocate about six billion rubles for a new soft loan program. From June 1, it will work for small and medium enterprises from the most affected sectors of the economy, as well as for socially oriented NGOs.
This was announced at a meeting on the socio-economic situation by Prime Minister Mikhail Mishustin on May 15. The new loan program is designed to help employers retain at least 90% of their employees. Mishustin recalled that, subject to this condition, entrepreneurs may not return the principal and interest on the loan.
Preferential loans at 0% on salaries are now available to all companies affected by restrictions during the coronavirus pandemic. In early April, launched a new measure of support for business - urgent payday loans.