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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 ... ... including issues of insolvency of individuals. The head of the Cabinet of Ministers Mikhail Mishustin announced the introduced norm the day before. According to the official... ... from difficulties and find other sources of income without resorting to closing their businesses and laying off the employees, RBC reports . The Prime Minister expressed...

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

... thousand to 1 million rubles. At the same time, entrepreneurs who intend to develop their business in the Arctic zone will be able to receive the maximum amount. The rest will... ... have been allocated from the budget for new support measures for the current year. Mikhail Mishustin emphasized separately that the new resolution would enable entrepreneurs... ... was developed as part of a plan of priority actions to ensure the development of the Russian economy in the face of sanctions and restrictions imposed by foreign states...

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