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The Federation Council and the State Duma approved the introduction of credit holidays in Russia
The State Duma and the Federation Council supported the law on the introduction of credit vacations in Russia because of coronavirus. Ordinary citizens, individual entrepreneurs who find themselves in a difficult life situation, and small and medium-sized businesses most affected by the pandemic will be able to take advantage of them.
Vacations will be provided for up to six months on consumer and mortgage loans. In this case, it will be necessary to provide documents confirming a decrease in income for the previous month by 30% or more.
Now the Russian government is working on second economic support package. The Ministry of Finance reserved 1,4 trillion rubles to combat the spread of coronavirus infection and implement anti-crisis measures. Entrepreneurs offer federal authorities as a measure of business increase benefits for the unemployed, senior citizens and large families. This, in their opinion, will help support the demand for goods and services.