Russian President Vladimir Putin signed a law extending the deadline for applying for a credit holiday by citizens, individual entrepreneurs (IEs) and small and medium-sized enterprises (SMEs) to 31 December this year. document published on the official legal information portal.
Prior to the adoption of the new law, individuals, individual entrepreneurs and SMEs had the opportunity to apply to the lender until March 31, 2023, based on contracts concluded before March 1, 2022.
For the first time in Russia, the possibility of issuing a credit holiday was introduced on April 1, 2020, after the onset of the coronavirus pandemic. It is assumed that borrowers can delay their loan payments for six months, provided that their income falls by 30% or more.
The measure was then extended until March 31, 2023, against the background of the imposition of sanctions by Western countries.
In the second half of March, Chairman of the State Duma Financial Market Committee Anatoly Aksakov declarationHe said that the lower house of the Russian parliament will extend the credit holidays for citizens, individual entrepreneurs and SMEs until the end of 2023, until a permanent relevant law is adopted.