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Russia introduces bankruptcy moratorium

A ban on initiating bankruptcy cases by creditors will again start in Russia on April 1, 2022 and will last at least for six months. The measure may be applied to both organizations and individual entrepreneurs, including issues of insolvency of individuals. The head of the Cabinet of Ministers Mikhail Mishustin announced ...

Young entrepreneurs in Russia will receive up to 1 million rubles grants

The government has made a decision to allocate funds to support entrepreneurship in Russia. Within the framework of the announced program, it is planned to issue grants to young people under the age of 25 inclusive. Funds can be used to create and develop their own projects. The news about the adopted resolution was published on ...

The number of monotowns In Russia may be reduced by half

It is planned to significantly reduce the number of monotowns in Russia in order to provide more systematic support to the rest of the cities and towns. This is evidenced by the decrees of the Government of the Russian Federation published the day before. The planned reduction reaches 50%, and the criteria by which such an exclusion will be carried out are also named. The Government believes that it is necessary to remove the settlements ...

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