Mishustin has proposed to introduce a moratorium on the blocking of the accounts of small and medium business
The corresponding statement was made by Prime Minister Mikhail Mishustin
Experts doubted the effectiveness of vacation credit for debtors
President Vladimir Putin instructed the government to prepare a law about credit vacation. Right they will be able to use physical entities and individual entrepreneurs (IE), whose revenues fell by 30% or more due to pandemic coronavirus. Experts doubt that such an initiative can help small businesses, but it is certainly a severe blow to the banks. Without financial compensation, to maintain the existing infrastructure would be impossible. In the case that the Central Bank will try to save the banks, by providing additional financing, we may face a surge in inflation.
The Ministry of environment will support the Russians during the crisis: who will be allowed to mine gold
The right to mine gold is going to give to private prospectors Ministry of environment. The Agency has put up for public discussion the bill amending the laws on subsoil and precious metals.
The Bank of Russia lowered the official rate of the dollar and the Euro
The Euro dropped in price to 82.63 ruble, dollar – up to 76,41
Navigating Debt Relief ─ The Role of a Chapter 13 Bankruptcy...
Financial struggles can affect anyone, sometimes arising from unexpected medical expenses, job loss, or accumulating debt. When debts become unmanageable, bankruptcy offers legal relief...
