Russian government’s anti-crisis plan – detailed chronology
The Government of the Russian Federation announced the list of priority activities (actions) to ensure the sustainable development of the economy amid the deterioration due to the spread of coronavirus.
The main actions are in the table below.
# | Name | Deadline |
1. Supply of essential goods and support to the population | ||
1.1. | Establishment of payment terms for sick leave to quarantined persons, acts of the Government of provides the possibility of distant issue of sick leave in the Russian Federation |
25 March 2020
|
1.2. |
Implementation of measures for active support of employment (organizing retraining and advanced training, public works, and other measures)
|
30 April 2020 |
1.3. |
Setting the rate for import customs duties for the specific goods determined by the Government of the Russian Federation, including medicines and medical devices, to zero
|
30 March 2020 |
1.4. | Permission for distance sale of non-prescription medicines and medical devices | 27 March 2020 |
1.5. | Establishment of a ‘green channel’ for imports of essential goods and food | 20 March 2020, monthly afterwards |
1.6. | Introduction of a mechanism for subsidizing interest rates on loans to trade organizations granted for formation of stocks of food and essential goods | 27 March 2020 |
1.7. | Temporary (one month) relief of weight control for transport facilities, transporting food and non-food essential goods in trailers and platform semi-trailers with tented top | 25 March 2020 |
1.8. | Introduction of measures to support pharmaceutical manufacturers, personal protective equipment, and disinfectants, including granting special loans from the FER | 25 March 2020 |
1.9 |
Introduction of unified non-tariff regulation measures within the EAEU in the form of export bans on critical medicines, medical equipment and materials, and protective and hygiene products
|
Decision of the Russian Government 25 March 2020, decision of the Council of the EEC 15 April 2020 |
2. Support to at-risk industries[1] | ||
2.1. |
Providing credit institutions with the possibility to temporarily suspend assessment of the quality of debt service, regardless of the assessment of the borrower’s financial situation in at-risk industries, for loans restructured in connection with the spread of coronavirus
|
March-May 2020 |
2.2. | Introduction of financial support measures for transport organizations affected by the worsening coronavirus situation due , including compensation for losses | 5 April 2020 |
2.3. | Implementation of measures to support cultural, physical education, and sports institutions, faced with a decrease inf visitors | 15 April 2020 |
2.4. | Relief from payment of contributions to the reserve fund of the Association Turpomoshch in 2020 for tour operators in the field of international tourism |
20 March 2020
|
2.5. |
Authorization for Government of the Russian Federation to temporarily suspend the payment of contributions to personal accountability funds
|
Introduction of the draft of the law to the State Duma on 15 April 2020, adoption of law on 15 June 2020
|
2.6. |
Establishment of a procedure to compensate losses for tour operators associated with non-refundable air transportation tariffs
|
27 March 2020, monthly afterwards |
2.8. |
Subsidizing interest rates on loans to developers with project financing in case of a decrease in primary market sales
|
15 April 2020 |
2.9. | Ensuring the extension of work permits for foreign workers | 27 March 2020 |
2.10. | Granting deferral for tax payments (three months) to the industries affected by the worsening situation due to coronavirus | 30 March 2020 |
2.11. | Reducing the required time to notify employees of a possible shutdown of the enterprise due to coronavirus to two weeks | Introduction of the draft of the law to the State Duma on 15 April 2020, adoption of the law on 15 June 2020 |
2.12 | Introduction of support measures, including capitalization support for leasing companies in connection with a reduction in the solvency of lessees in the transport field | 5 April 2020 |
3. Support for small and medium-size enterprises (SMEs)[2] | ||
3.1. | Introduction of a moratorium on inspections of SMEs, including tax inspections, except for the issues that pose risks to life and health of citizens | 23 March 2020 |
3.2. | Introduction of a three-month delay for introduction to the State payment of insurance contributions, including employees, for micro- DumaEnterprises, starting in March 2020 |
Introduction of the draft of the law to the State Duma on 27 March 2020, adoption of law on 15 April 2020
|
3.3. | Expansion of the program subsidising access of SMEs to loans within the easy-term loan program by liberalising a number of requirements for the borrower and expanding the possibility of restructuring previously granted loans | 10 April 2020 |
3.4. | Providing credit institutions with the possibility to temporarily suspend the deterioration of assessment of debt service quality, regardless of the assessment of the SME’s financial situation, on loans restructured in connection with coronavirus | 27 March 2020 |
3.5. | Subsidising (up to the agreement rate, but not over the key rate) the credit institutions’ part of the interest on loans to SMEs, subject to the deferral of interest payment due dates, without penalties | 10 April 2020 |
3.6. | Temporary deferral (or a moratorium) on rental payments by SME lessees of state or municipal property | 27 March 2020 г. |
3.7. | Increase of capitalisation of regional microfinance organisations in order to provide preferential microloans to SMEs | 15 April 2020 |
3.8. |
Increase of capitalisation of regional guarantee organisations in order to expand the possibilities for SMEs to receive preferential loans without collateral
|
15 April 2020 |
3.9. | Decrease of requirements for securing contracts during public procurement for SMEs |
Introduction of the draft of the law to the State Duma on 15 April 2020, adoption of the law on 15 June 2020
|
3.10. |
Introduction of non-application of penalties as well as the possibility to extend the terms and adjust prices in 2020 in case obligations are violated by the contractor (within 223-FZ) due to coronavirus
|
Introduction of the draft of the law to the State Duma on 15 April 2020, adoption of the law on 15 June 2020
|
4. System-wide measures | ||
4.3. | Non-application of penalties for certain government contracts in case of the contractor violates obligations due to coronavirus | 20 March 2020 |
4.4. | Introduction of non-application of penalties as well as the possibility to extend the terms and adjust prices for state and municipal contracts in 2020 in case the contractor violates obligations due to coronavirus |
Introduction of the draft of the law to the State Duma on 15 April 2020, adoption of the law on 15 June 2020
|
4.10. | Authorisation for the Government of the Russian Federation to determine the procedures for obtaining a deferral (installment plan) for the payment of taxes, fees, and contributions, including in terms of the procedure, grounds, and deadlines for their submission, as well as to extend the deadline for submission of tax returns |
Introduction of the draft of the law to the State Duma on 30 March 2020, adoption of law on 30 April 2020
Russia
|
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[1] The following industries are included in the list of industries which can get support at present: air transportation, airports activities, road transportation, culture, entertainment, physical culture and sports, tourism, hotels, catering, conferences and exhibitions organizers, personal services (repair, laundering, dry cleaning, services of hairdressing, and beauty salons).
[2] Companies with foreign participation will be able to count on support if their share in the charter capital does not exceed 49% and they meet the requirements of the law to be recognized as SMEs, along with other requirements in terms of revenue volume, which are stipulated by the legislation. SMEs, as well as micro-enterprises, include organizations with a minimum 51% of the charter capital belonging to individuals or organizations, SMEs. The share of organizations not related to SMEs should not exceed 49%, and the share of the state or non-profit organizations should not exceed 25%. Additionally, restrictions on the size of revenue and the number of employees must be observed:
- Revenue for micro-enterprises should not exceed RUB 120 mn, and the number of employees — 15 people;
- Revenue for small enterprises should not exceed RUB 800 mn, and the number of employees — 100 people;
- Revenue for medium-sized enterprises should not exceed RUB 2 bn, and the number of employees — 250 people.
In addition, the company may be considered as SME if they not only meet the abovementioned conditions but also if they are registered within the registry of SMEs on the basis of criteria met in the previous year.