Coronavirus kills business in Russia: how to mitigate the negative effects of the pandemic

Coronavirus detrimental to the business. Tourism and restaurants, airlines and retail. Everyone who works in the field of culture and organizes forums, asked the authorities to pay attention to their difficult situation.

the Government began to have constant and immediate monitoring of the financial status of enterprises that have strategic importance for Russia. Measures to support the real economy and its recipients will expand. This was stated by Prime Minister Mikhail Mishustin.

closely monitor food security. It is necessary to ensure stable operation in the trading sector. Among the measures — short-term soft loans for working capital. If necessary, the government will help large retail chains.

“the plan, which was approved by the Prime Minister, there is a point which we can use. We are talking about subsidized loans on formation of stocks of major commercial organizations. Let’s see how it will be in demand. We will be ready to support large trading networks”, — said the Minister of Finance Anton Siluanov.

Tourism is one of the most affected sectors. Sale of tours stood. Companies suffer huge losses. And now add another problem — the insurers refuse to work with travel agencies. Association ATOR asked the Central Bank to intervene to deal with the situation.

the savings Bank is discussing with the authorities in the assistance to developers and hotel business. For the first we are talking about the establishment of a mechanism for subsidizing interest rates on loans. The necessary amount for four years is estimated at 50 billion rubles. Trouble downloading the will experience the hotel business. He, too, will need support. Interest rate subsidies on loans can be one of the solutions to the problem, consider in the savings Bank.

Became aware of the fact that the assistance requested of the Russian film industry. A letter to the Prime Minister mishustina was poisoned by the Association of producers of film and television. Because ofdelineation of events and of the epidemic of the coronavirus COVID-19 shooting Russian films and television gradually stop.
“We are stormy. I repeat: we are not the exception, we are not the only ones but we are also in these ranges. So, of course, would like support from the government, which is associated with a reduction of assessments of personal income tax, subsidization of credit obligations, benefits, rent, the utility bills,” — commented the Chairman of the Association of producers of film and television Sergey Selyanov.

Prime Minister Mikhail Mishustin instructed to postpone payment of taxes in the areas of culture and sport art and cinematography. Tax holiday ads until may 1.

Under the impact and, in General, small and medium business, employing millions of people. There is a whole range of measures. The Russian government has decided to introduce a delay of 3 months on payment of insurance contributions and payments for those who rent from the state.

Introduced a moratorium on inspections of businesses, including tax and customs. Expanded programs of concessional lending and the possibility of restructuring at affordable rates, increased volumes of subsidies provided. However, in the “Support of Russia” believe — there is a need to expand the program help.

“For a number of sectors need not deferred, and tax holidays, reduction in rental rates. It is not a three-month continuance, and decline. In addition, no deferral of insurance premiums, and reset for those employees who today is forced to be out of jobs. Anyway, in China, encouraging employers not to cut staff, the government for some time took at least social contributions”, — said the President of a business organization “OPORA Russia” Alexander Kalinin.

the Tax will take a break. One of the important measures that should lead to the postponement of tax payments for companies that were affected by the pandemic, for three months, starting March 30.

In the framework of anti-crisis measures VLAsti can stop to charge heavy trucks for the “Plato”. This measure is being discussed — according to RBC with reference to its sources.

Another solution that will mitigate the negative effects of the epidemic, the authorities will stop in a number of cases to fine performers on public contracts if they have violated their obligations. In particular, automakers that are dependent on the supply of components from abroad.