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MIL OSI Translation. Region: Russian Federation –

Photo by M. Mishin. Press Service of the Mayor and the Moscow Government

Entrepreneurs will be able to offset the costs of measures aimed at preventing a new coronavirus infection and receive soft loans.

Moscow will allocate additional funds to support small and medium-sized businesses. The resolution on this issue was signed by Sergei Sobyanin

One billion rubles were allocated from the city budget for subsidies to small and medium-sized businesses to combat the spread of COVID-19. We are talking about reimbursing the costs of measures to prevent a new coronavirus infection (no more than 15 thousand rubles for an organization or individual entrepreneur) and providing employees with personal protective equipment (no more than 6.5 thousand rubles per employee).

These funds will be available to catering establishments and companies operating in other industries affected by the pandemic. The list of them will be determined by the Department of Entrepreneurship and Innovative Development of the city of Moscow.

The recipients of subsidies are obliged to comply with the requirement of the chief state sanitary doctor for the city of Moscow to carry out compulsory vaccination of personnel, as well as comply with the restrictions established by the relevant decree of the Mayor of Moscow. An application for a subsidy will be accepted by the Department of Entrepreneurship and Innovative Development of the city of Moscow from September 1.

Another four billion rubles will be directed to soft loans for small and medium-sized businesses. The decision to extend the program for providing preferential stabilization loans until December 31 was made by the Moscow Government after an appeal from the business community. Companies operating in one or more priority industries can obtain a loan with a maximum borrower rate of seven percent. The amount of compensation for lost income of the bank is up to eight percent.

Loans are issued for replenishment of working capital and investment purposes. The maximum loan amount was increased to 100 million rubles, and the interest rate subsidy period was increased to 24 months.

In 2020-2021, more than 18 thousand companies received preferential loans in the amount of over 132 billion rubles under this program. They employ about 127 thousand people.

In the meantime, there is no need to worry about it. ”

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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