Russian President Vladimir Putin signed a law on a set of socio-economic measures to support citizens and businesses under sanctions. Relevant Document published on the official Internet portal of legal information.
According to the document, the government will be able to carry out additional indexation of insurance pensions, the pension coefficient, as well as a fixed payment to pensions during this year. In addition, the features of establishing the subsistence minimum in the country and calculating the minimum wage (SMIC) are prescribed.
The law also simplified the procedure for purchasing medicines and medical devices in Russia. The country also introduced special rules for the registration of medicines. The government received the right to quickly adjust the licensing requirements for pharmaceutical activities.
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In addition, the government will adjust the rules for admission to Russian universities for citizens who had to interrupt their studies in other countries.
Business support
The bill allows the introduction of a moratorium on scheduled inspections of small and medium-sized enterprises this year, as well as organizations in the field of information technology until the end of 2024. The text of the document also states that in order to obtain the status of a participant in a free economic zone in Crimea, an organization registered outside it will only need to have a representative office or branch on the peninsula.
The document also refers to the specifics of the application of legislation on business entities, including the rules on calculating the value of net assets in 2022, and legislation on loans and borrowings. The Russian government is given the right to deviate from a number of norms on licensing and accreditation, from certain provisions of the legislation in the field of shared construction and intellectual property.
In addition, the introduction of new credit holidays was announced. Those whose income has fallen by more than 30 percent will be eligible for deferred payments.
Preferential business lending
On March 6, the Russian government allocated more than six billion rubles to support the concessional business lending program. The funds will be sent to banks that provided soft loans to businesses last year.
With these funds, credit institutions will continue to compensate for lost income in 2022
Russian Prime Minister Mikhail Mishustin stressed that by the end of 2021, more than 42,000 loans had been issued in the country. The business received about 150 billion rubles.
Support for families with children
On March 8, the Russian leader proposed new payments for children aged eight to 16 for all low-income families.
Putin noted that this measure will take effect on April 1, and families will be able to receive the first payments in May. The politician stressed that the state will do everything to support families, and called this goal a priority.
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According to him, the country already has monthly payments for pregnant women and low-income families with children under the age of seven. In addition, support is provided to parents raising children aged eight to 16 alone.
Earlier, Putin also promised that new steps would be announced in the near future to create a unified family support system in the country from the moment of pregnancy until the children reach the age of majority.
Our task is to develop a unified, harmonious, absolutely understandable system for all support for expectant mothers and all children under 18 years of age
Possible de-labeling of goods
On March 4, the Russian government thought about abolishing the labeling of goods, sources in various areas of the consumer market said.
The initiative was taken by the Ministry of Industry and Trade with the support of First Deputy Prime Minister Andrey Belousov. The idea will be seen as a measure to support business in the context of the sanctions imposed against Russia. The implementation of this proposal is allowed in the country, but the final decision has not yet been made.
According to preliminary data, the initiative is planned to be considered before March 15. The document proposes to suspend the labeling obligations for certain types of products.
It also proposes the possibility of introducing a moratorium on prosecution for non-compliance with labeling requirements.
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