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CANCELLATION OF BENEFITS PROPOSED BY THE CENTRAL BANK OF RUSSIA MAY LEAD TO WAVE OF BANKRUPTCIES

... observed a year ago. Benefits introduced due to the pandemic, according to Lubich, will not immediately turn into a wave of bankruptcies. Some of the debtors will continue to stay afloat for some time. But the wave of applications in connection with insolvency will begin in April. Therefore, the task of the Government of the Russian Federation should be to develop such mechanisms of targeted support and protection that would allow persons caught in a debt trap to get out of it with the least possible ...

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