The State Duma is preparing to change the terms of the moratorium on bankruptcy

The effectiveness of the general ban on bankruptcy was discussed in the State Duma. It turned out that the totality of the moratorium can carry significant risks for the country's economy, reduce financial discipline and lead to a lot of abuses on the part of those who are able to pay their debts.

As Arkady Svistunov, representing the State Duma Committee on the financial market, noted, the moratorium was almost the first reaction of the authorities to sanctions. As part of the first package of measures, it was important to support the social sphere. Therefore, it is quite understandable that there were no opportunities for broad discussion, and the support measures practically repeated those that were previously introduced due to the coronavirus pandemic.

According to Stanislav Naumov, who represents the Duma Committee on Economic Policy, deputies are developing a bill that will allow amendments to the current moratorium. It is assumed that its effect will be extended to those who have signs of insolvency.

It is planned to establish an application procedure for those cases when enforcement proceedings need to be suspended.

Elman Mehdiyev, representing the expert council of the Central Bank, proposed the adoption of a law that would introduce permanent credit holidays. In his opinion, another by-law is hardly appropriate. Mehdiyev himself called the moratorium an unfortunate example of delegated lawmaking.

As noted by the chairman of the NP "NSFR" Andrey Emelin, the government's decision to impose a moratorium has put many economic entities in an uncertain situation. The rights of not only participants in the financial and insurance markets, but also the housing, communications and telecommunications sectors were infringed. About 55 million persons with debts in the amount of 5 trillion rubles were exempted from paying them.

The hardest tests, according to experts, fell to the share of housing and communal services.

According to Olga Sellyakhova, who heads the Association of Regional Settlement Centers, by April 1, the industry had accumulated about 300 billion executive orders with a total debt of 1.4 trillion rubles. Utilities have not received about 60% of the payments needed to prepare for winter.

As a result, the participants of the round table came to the idea that the bill should be considered as quickly as possible within the framework of the spring session of the State Duma. It was also proposed to send a corresponding request to the Government of the Russian Federation to assess the actual results of the moratorium.