Russian regions to get 2 bln rbl of subsidies to support SMEs

MOSCOW, May 6 (PRIME) – The budgets of Russian regions will get 2 billion rubles of subsidies for emergency measures of support of small and medium enterprises during the coronavirus pandemic, according to a ruling signed by Prime Minister Mikhail Mishustin and published on the government’s website on Monday.

“To allocate 2 billion rubles to the Economic Development Ministry from the Russian government’s reserve fund for provision of subsidies in 2020 from the federal budget to the budgets of Russian regions for implementation of emergency support measures for the entities of small and medium enterprises under the worsening conditions due to the spreading of the new coronavirus infection,” the ruling read.

(72.7263 rubles – U.S. $1)

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