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The President of the Russian Federation signed a law on extending the deferral of debts for the affected business
Russian President Vladimir Putin has signed a law extending the deferral of debt payments for small and medium-sized businesses affected by the pandemic. The document was published on Tuesday on the official portal of legal information.
In July, parliament passed a law according to which individual entrepreneurs and small and medium-sized businesses in the sectors most affected by the coronavirus were given the right to use a one-time out-of-court installment plan to collect debts on taxes, fees, insurance premiums and loan agreements in the amount of 15 million rubles. This rule was to be applied to documents submitted for enforcement before October 1, 2020. The new law extends this period until May 1, 2021.
In addition, the law extends until July 1, 2021 (previously – until December 31, 2020) the ban on bailiffs to inspect, arrest, seize and transfer the movable property of debtors, citizens, with the exception of vehicles owned by them (cars, motorcycles, mopeds, and so on).
