A bill was submitted to the State Duma providing for credit holidays for Russians until September 30, 2022. This is stated in the draft law on a set of socio-economic measures to support citizens and businesses under sanctions, which was posted on Thursday, March 3, in the Duma’s electronic database.
It is noted that if necessary, this period can be extended.
“The draft law establishes the periods during which the limitation on the amount of the full cost of a consumer credit (loan) as a percentage per annum at the time of the conclusion of a consumer credit (loan) agreement is not applicable, as well as the period of validity of the “credit holidays” mechanism provided for by Federal Law No. 106 -FZ, until September 30, 2022 with the possibility of extending the specified period by the Government of the Russian Federation, ”the explanatory note says.
In addition, the bill will define mechanisms to support the economic sector, including those simplifying the licensing and licensing procedures established by Russian legislation. They regulate the procurement of goods, works, services to meet state and municipal needs and the specifics of the regulation of legal relations in the field of insurance activities in the country.
Earlier that day, it was reported that the draft federal law was developed to protect the national interests of the Russian Federation in connection with the unfriendly actions of foreign states and international organizations.
On March 2, the State Duma commented on the package of anti-crisis measures being developed. It was noted that, first of all, the package will include measures to support the Russian industry, primarily the military-industrial complex and the aircraft industry.
Earlier in the day, Kremlin spokesman Dmitry Peskov said that unfriendly countries would not be able to destabilize the Russian economy.
In addition, he also commented on the decision of Russian President Vladimir Putin to limit the export of foreign currency in excess of $10,000 from the country. Peskov noted that Moscow is imposing counter-sanctions in order to minimize the damage from actions aimed at undermining the integrity of the Russian economy. According to him, Russia “will not shoot itself in the foot.” It is important to analyze in detail the hostile actions of countries that have imposed and continue to impose sanctions, and only then to announce countermeasures. In this situation, saving the economy is possible only if tough and thoughtful steps are taken.
The day before, US President Joe Biden said that the Russian economy was allegedly reeling due to sanctions, but the spokesman replied that it was quite capable of standing on its feet.
The situation in Donbass escalated on February 17. The DPR and LPR reported heavy shelling by Ukrainian security forces, including from heavy weapons. The republics announced a general mobilization and evacuation of civilians to the territory of Russia.
On February 21, Putin signed decrees recognizing the independence of the Lugansk and Donetsk People’s Republics (LPR and DPR). Also, the President of the Russian Federation and the heads of both republics, Leonid Pasechnik and Denis Pushilin, signed treaties of friendship, cooperation and mutual assistance, which were ratified by the republics themselves and Moscow the next day.
On the morning of February 24, Russian leader Vladimir Putin, in his special televised address, announced that a special operation would be carried out in the Donbass in order to protect the civilian population. After that, Ukrainian President Volodymyr Zelensky accused Russia of hitting the country’s military infrastructure and introduced martial law throughout Ukrainian territory. Later, it was announced the severance of diplomatic relations with the Russian Federation.
Since 2014, the Kiev authorities have been conducting a military operation against the inhabitants of Donbass, who refused to recognize the results of the coup d’état and the new government in Ukraine. At the same time, Kyiv blames Moscow for the current situation. Russia has repeatedly stated that it is not a party to the conflict.
For more up-to-date videos and details about the situation in Donbass, watch the Izvestia TV channel.
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