the Interest rate will decrease from 3.5 to 2.5% per annum, said the Central Bank. The Bank of Russia said that lowering the rate is not only new, but previously granted loans in the framework of support to SMEs (with an aggregate limit of 500 billion roubles).
While the Central Bank has maintained the approach in which further changes in the interest rate received by the Bank, the Bank of Russia loans to support lending to SMEs, depends on the changes in debt on loans granted by the Bank to SMEs, compared with its value on April 1, 2020.
