Russian government will allocate 38.5 billion rubles to support business

The day before, the Prime Minister Mikhail Mishustin announced a decision of Russian government to allocate funds for business. We are talking about grants in the amount of over 38 billion rubles, the purpose of which is both to retain employees and to provide entrepreneurs with the opportunity to quickly recover from the recession of the fourth wave of COVID-19.

According to Mishustin, the corresponding draft resolution has already been prepared.

The right to receive money is granted to SMEs, as well as socially oriented NPOs from among the most affected industries.

In particular, we are talking about the hotel and restaurant business, the sphere of providing personal services and additional education - says the government's website.

The total amount of the grant provided for a specific recipient will be calculated and based on the minimum wage for each employee employed by the company. It is assumed that the allocated funds will help not only to pay salaries, but also to partially cover the revenue lost due to the restrictions imposed.

Applications for the state help can be submitted remotely, starting from November. You can count on the payment of funds already from the middle of the month. The Federal Tax Service was assigned to work with inquiries.