How the pandemic affected business in Russia

25.02.2021

The authorities, represented by the Ministry of Economy and Development, reacted to the messages of the office of the presidential representative for the protection of the rights of Titov’s entrepreneurs about the problems of Russian business.

“We have not received the research of the office of business ombudsman Boris Titov, but we are ready to study it. The information published in the media has estimate nature,” Ilyushnikova said.

According to her, the ministry is oriented on regularly received data from banks participating in concessional business lending programs. “According to them, 98 percent of borrowers under the payroll 2.0 program comply with the condition of maintaining employment, which means they can count on a loan write-off,” the official said.