the Cabinet summarily adopts normative documents, to quickly run programs to support the population and business. Already approved two packages of anti-crisis actions with total funding of more than 2.1 trillion rubles, and the Cabinet of Ministers continues to prepare a new one. April 23 meeting, the government considered the draft decree on approval of rules of allocation of direct grant aid to small and medium businesses in the affected industries. “According to the forecast of the Ministry of Finance for two months, this subsidy will benefit about 1 million companies and individual entrepreneurs, and the total expenditure will exceed 80 billion rubles, – said the Prime Minister Mikhail Mishustin. Such support will be provided to those who retain at least 90% of full capacity of the plant in comparison with March.”
the Cabinet of Ministers for approval also presented the normative documents necessary for the extension of interest-free payroll lending business from these areas. While such assistance is provided only to small and microenterprises, but it can provide larger organizations. This required additional 3.5 billion rubles. “The total amount of loans should reach 305 billion rubles. 75 percent of these loans will be guaranteed by “VEB.Of the Russian Federation”, – said the head of government. To big business not chosen a significant part of the funding, sets the minimum share of small and medium-sized companies in the total volume of credit agreements – not less than 40%. With the support of the backbone enterprises, the Cabinet also focused on the challenges of preserving employment. They can get loans for replenishment of working capital. “For this purpose, we subsidise credit institutions 24 billion rubles, – said Mikhail Mishustin. – The amount of such credit for a period of one year will amount to 1 billion rubles. The rate will not exceed 5% per annum.”
Housing will receive assistance through the mechanism of preferential mortgages. Until November 1, citizens will be able to purchase housing in new buildings at a reduced rate of 6.5%. The program covers mortgage loans of up to 8 million roubles in Moscow and St. Petersburg and up to 3 million rubles – in other regions. The implementation of this measure was necessary to allocate subsidies in the amount of 6 billion rubles. “It will be a good help for those who planned to improve their living conditions, and will further attract in the sphere of housing construction not less than 900 billion rubles from the banking system,” Prime Minister said about expectations.
Special attention the government pays housing large families. More than 9.5 billion rubles in 2020, the government provides those, where, after 1 January 2019 born the third or subsequent��child. “The government will help to fully or partially repay the mortgage loan of such a family. The maximum amount of the loan would be 450 thousand rubles”, – said Mr. Mishustin. According to calculations of the Ministry of Finance, this measure will help not less than 21 thousand families. Given the extended shot, the total amount of housing support for large families can exceed 1 million roubles, the Prime Minister said.
Solving pressing issues in the Cabinet not to forget about the systemic problems and the development in the future. The agenda of the meeting included the draft amendments to the law on combating the legalization of income obtained by criminal means and financing of terrorism. They improve the mechanism of failure of credit institutions to open a Bank account or execute the client’s order about the operation of its facilities. Today, in the absence of any document confirming the integrity of the customer, banks can refuse transactions and even block the account without explanation. “To protect the interests of individuals introduced a separate rule. Now the credit institution will not be entitled to refuse them in opening Bank accounts – said Mishustin. – The Bank can refuse to execute a transaction only if the audit there is a reasonable suspicion of money laundering or terrorist financing”.