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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 ... ... the state of affairs in the situation of imposing sanctions against Russia. The only sector that turned out to be outside the moratorium is the sector of construction of apartment buildings and other real estate as part of equity participation. Such developers-debtors ...

Bankruptcy moratorium 2022: what you need to know

... if there is a debt to the creditor. At the same time, the decision does not say anything about the impossibility to initiate bankruptcy for debtors themselves. Reasons for imposing a moratorium The government hopes to support both entrepreneurs and citizens in the face of external sanctions pressure in this ... ... with time to strengthen finances and search for new sources of income. The full text of the Decree of the Government of the Russian Federation can be found here .

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