Russia’s NGOs have requested a range of anti-crisis measures to support them amid the COVID-19 pandemic, Izvestia reports.
These could include deferments on loan payments and a moratorium on fines for failing to fulfill state contracts. This proposal was outlined in a letter by Deputy Speaker of the Russian Federation...
As Moscow and other regions have imposed lockdowns to stem the spread of the coronavirus, retailers have seen a sharp spike in alcohol sales in recent weeks, with customers buying liquor as ‘prevention’ against an infection, Reuters reports.
Vodka sales across Russia’s largest retail chains jumped 31% in the last...
Naftogaz is preparing for additional lawsuits against Russia’s Gazprom for $17.3 billion, the CEO of Ukraine’s state gas company Yuriy Vitrenko has said, according to Ukrinform.
"I do not like the idea of commenting on rumors about anyone's intentions, but if someone had to comment, it would be better if...
The state should provide targeted assistance to all sectors of the Russian economy in the context of the pandemic, Russian Accounts Chamber auditor Danil Shilkov told TASS.
"Differential assistance will be needed to industries in recognizing all industries as affected," Shilkov said. According to him, for a number of industries...
Russia’s business ombudsman Boris Titov believes that small businesses should be allowed not to pay taxes for three years as the respective shortfall in budgetary revenues can be compensated from other sources, Interfax reports.
The business ombudsman says the measure is necessary at the time of pandemic, which is affecting...
As the coronavirus outbreak has practically halted a major part of economic activity in Russia, the country’s Ministry of Economic Development has updated the list of companies which can be in line for state financial support, Fedpress reports.
On April 2, the authorities published a list of 646 “strategically important” companies, which will...
The lockdown imposed over the coronavirus outbreak has caused a significant drop in customer traffic at Russian grocery stores, Vedomosti reports citing Sergei Belyakov from the Retail Companies Association (ACORT).
According to him, the number of customers at convenience stores fell by 20-30% between March 30 and April 5, compared...
In the days since a non-working holiday was declared in Russia due to the spread of the coronavirus, around half of the country’s companies have taken various steps to optimize their activities, which particularly include wage cuts, Izvestia wrote, citing a poll conducted by the Center for Strategic Research...
More than of 90% entrepreneurs have been affected by the crisis caused by the coronavirus pandemic and oil price downturn, Russia’s business ombudsman Boris Titov has said, according to RAPSI.
Many applications from businesses are being submitted to the ombudsman’s office, Titov said Wednesday during his news conference.
“The fall in...
The European Bank of Reconstruction and Development (EBRD) has said it had provided finances to a Russian company under its emergency coronavirus support fund, TASS reports.
The move marks the first time in more than five years that the major international financial institution backed a Russian company.
The bank announced Tuesday...
