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Russia introduces bankruptcy moratorium

... 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 the introduced norm the day before. According to the official, the measure will allow debtors to recover 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 hope that this would help businesses and citizens to improve the state of affairs in the situation of imposing sanctions against Russia. The only sector that turned out ...

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