Business asks to extend the loan vacation program
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Business asks to extend the loan vacation program

30 September , 10:15Economy
The possibility of extending a loan vacation for borrowers who have suffered from the coronavirus pandemic is being discussed by the Russian authorities, said Anatoly Aksakov, head of the State Duma's financial market committee.

In an interview with RIA Novosti, he noted that while he did not understand the position of the government and the Central Bank, and proposals to extend the program are coming from entrepreneurs.

The head of the committee clarified that it is necessary to gradually get out of the situation that has developed in the country against the backdrop of the coronavirus pandemic.

- Including, for example, to repay loans not on the move, but to give some period reasonable enough to be able to get out of these indulgences without tension, without problems, - noted Aksakov.

We will remind that earlier the business ombudsman Boris Titov warned Prime Minister Mikhail Mishustin about the impending massive bankruptcy among the recipients of soft loans at 2%. In early September, Titov appealed to the authorities with a request to extend the anti-crisis measures to support business. These include, in particular, tax deferral for small and medium-sized enterprises and credit holidays and a moratorium on bankruptcy.

Let us note that at least 67% of Russian companies announced a drop in demand for goods and services, Titov specified and warned of the risk of a surge in bankruptcies and a further contraction of economic activity.

He previously requested an extension of the direct subsidy program for SMEs until March 2021.

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