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Small and medium-sized businesses in Russia will receive new support measures

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Small and medium-sized businesses in Russia will receive new support measures

The Russian president has instructed the government to restore the labour market by the end of this year, including through entrepreneurial initiatives. In addition, the authorities should provide new measures and proposals to support small and medium-sized businesses within a month.

The government will encourage entrepreneurial initiative and stimulate private investment.

In this connection, the government was instructed to submit additional proposals to support small and medium-sized businesses.

This will be done through new measures of tax incentives, affordable loans, increased sales of goods and through purchases by large state-owned companies.

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Author: Ksenia Gustova

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