Moscow will allocate 25 billion rubles to business

Moscow will allocate 25 billion rubles to support the business, including supporting commercial real estate owners, RIA Novosti writes .

PHLUID Project boutique, photo from the company's website

This amount includes compensation for some rental costs and taxes (13 billion rubles) and a deferral for taxes (about 11.5 billion rubles).

Moreover, owners of commercial real estate will be able to receive support, but with a decrease in the rental rate by at least 50%. In this case, the authorities will allocate about 8.6 billion rubles to them in a quarter.

These measures complement the assistance through the Russian government and do not include measures to maintain demand, for example, increased unemployment benefits.

• In his third handling, President Vladimir Putin did not talk about direct support for the business, but promised a delay and installment payment of tax payments.
• On April 7, 2020, four business associations of the RSP, the Chamber of Commerce and Industry (CCI), Business Russia and the Rossi of Russia asked Prime Minister Mikhail Mishustin to reduce taxes and subsidies for salaries.
• The government is preparing, but has not yet presented a new package of assistance to business.