Mishustin removed the risk of dismissal from the Russians

Mikhail Mishustin imposed a moratorium on bankruptcies on April 1
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article from the plot

Sanctions against Russia in general and the Urals in particular

Authorities have been rid of the problem of mass layoffs for at least six months due to financial problems. At a government meeting on March 31, Prime Minister Mikhail Mishustin announced a decision to establish a moratorium on bankruptcy proceedings on April 1, according to creditors’ statements. The ban will affect both organizations and individual entrepreneurs. This measure of the authorities will help small and medium-sized businesses to survive a difficult period in the economy, experts told URA.RU.

During his speech to members of the government, Mishustin called on the responsible agencies to speed up the commissioning of social facilities under federal target programs, announced the allocation of an additional 20 billion rubles to the Industrial Development Fund to support enterprises and more than 2 billion rubles to rebuild flood-affected Crimean cities. in 2021. However, the Prime Minister began and elaborated on the decision to impose a temporary ban on bankruptcy. “The moratorium will give debtors the opportunity to cope with current difficulties for six months, adjust their business, find new sources of income and strengthen finances without closing the company or business, without firing employees,” he said.

Job Fair.  Chelyabinsk.

A moratorium on bankruptcy will curb rising unemployment

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The government hopes that this decision will support companies and citizens who have found themselves in a difficult financial situation due to unfriendly actions against Russia and are now unable to meet their obligations, Mishustin added. The Prime Minister noted that only unscrupulous developers will not be able to take advantage of the moratorium. “An exception will be made only for debtors who are developers of apartment buildings or other real estate built in accordance with the law on shared construction. And included in the unified register of problem assets, “he said.

The moratorium on instituting bankruptcy proceedings on creditors’ statements is a new step of the authorities to support business, lawyer Dmitry Kvasha told URA.RU. “The government understands that the situation of people and companies is not very good now, to put it mildly.

The government is rescuing people and companies that have property, have something to lose. They received bailouts for six months to calmly deal with their situation, “the expert explained.

Bankruptcy press conference, INTERFAX.  Ekaterinburg

There is a chance to avoid the worst case scenario – when the business is liquidated, but debts are not written off

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The government’s decision is aimed at preserving enterprises during the economic turmoil, confirmed Marat Safiullin, manager of the Federal Public Fund for the Protection of the Rights of Depositors and Shareholders. “The situation of debtors has become sharply complicated. The government is reducing the rights of creditors for six months in the hope that during this time the situation can improve by adapting to new economic conditions. Although after this period we can see an increase in the number of bankruptcies, right now companies have a chance to find solutions to problems and save themselves, “he said.

A moratorium on bankruptcy in the context of the current economic situation will curb the growth of unemployment, according to bankruptcy lawyer Denis Butovichev.

“For a whole range of reasons, we are now witnessing a crisis of default. Some companies have problems with logistics, some with contractors, obligations are not fulfilled en masse. If creditors now start collecting debts, they will not be able to get them and will lead the company to bankruptcy and liquidation. This means the destruction of business and the loss of jobs. The government considers these problems temporary and tries to prevent this scenario, so it is a measure, including the fight against unemployment, “he said.

The government excluded the unscrupulous developers from the moratorium in the interests of shareholders, otherwise they would have to wait even longer for their apartments, Butovichev added. “The mechanism of bankruptcy of developers involves the rapid transfer of their facilities for completion in DOM.RF. In order not to hamper this process with a moratorium, the government has provided such a reservation in the interests of deceived shareholders, “the expert concluded.

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Authorities have been rid of the problem of mass layoffs for at least six months due to financial problems. At a government meeting on March 31, Prime Minister Mikhail Mishustin announced a decision to establish a moratorium on bankruptcy proceedings on April 1, according to creditors’ statements. The ban will affect both organizations and individual entrepreneurs. This measure of the authorities will help small and medium-sized businesses to survive a difficult period in the economy, experts told URA.RU. During his speech to members of the government, Mishustin called on the responsible agencies to speed up the commissioning of social facilities under federal target programs, announced the allocation of an additional 20 billion rubles to the Industrial Development Fund to support enterprises and more than 2 billion rubles to rebuild flood-affected Crimean cities. in 2021. However, the Prime Minister began and elaborated on the decision to impose a temporary ban on bankruptcy. “The moratorium will give debtors the opportunity to cope with current difficulties for six months, adjust their business, find new sources of income and strengthen finances without closing the company or business, without firing employees,” he said. The government hopes that this decision will support companies and citizens who have found themselves in a difficult financial situation due to unfriendly actions against Russia and are now unable to meet their obligations, Mishustin added. The Prime Minister noted that only unscrupulous developers will not be able to take advantage of the moratorium. “An exception will be made only for debtors who are developers of apartment buildings or other real estate built in accordance with the law on shared construction. And included in the unified register of problem assets, “he said. The moratorium on instituting bankruptcy proceedings on creditors’ statements is a new step of the authorities to support business, lawyer Dmitry Kvasha told URA.RU. “The government understands that the situation of people and companies is not very good now, to put it mildly. The government is rescuing people and companies that have property, have something to lose. They received bailouts for six months to calmly deal with their situation, “the expert explained. The government’s decision is aimed at preserving enterprises during the economic turmoil, confirmed Marat Safiullin, manager of the Federal Public Fund for the Protection of the Rights of Depositors and Shareholders. “The situation of debtors has become sharply complicated. The government is reducing the rights of creditors for six months in the hope that during this time the situation can improve by adapting to new economic conditions. Although after this period we can see an increase in the number of bankruptcies, right now companies have a chance to find solutions to problems and save themselves, “he said. A moratorium on bankruptcy in the context of the current economic situation will curb the growth of unemployment, according to bankruptcy lawyer Denis Butovichev. “For a whole range of reasons, we are now witnessing a crisis of default. Some companies have problems with logistics, some with contractors, obligations are not fulfilled en masse. If creditors now start collecting debts, they will not be able to get them and will lead the company to bankruptcy and liquidation. This means the destruction of business and the loss of jobs. The government considers these problems temporary and tries to prevent this scenario, so it is a measure, including the fight against unemployment, “he said. The government excluded the unscrupulous developers from the moratorium in the interests of shareholders, otherwise they would have to wait even longer for their apartments, Butovichev added. “The mechanism of bankruptcy of developers involves the rapid transfer of their facilities for completion in DOM.RF. In order not to hamper this process with a moratorium, the government has provided such a reservation in the interests of deceived shareholders, “the expert concluded.

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