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Putin urges faster allocation of funds for lending programs in regions

Earlier, the head of state proposed measures to support citizens and businesses, in particular, granting a grace period for six months to small and medium-sized companies to pay all taxes, with the exception of VAT

NOVO-OGAREVO, March 30. /TASS/. Russian President Vladimir Putin instructed the government to accelerate the allocation of funds to provide loans to to businesses in Russian regions.

"I would like to add that the government will provide replenishment of regional guaranteed funds so that the regions have additional opportunities to support lending to local businesses. I am asking the cabinet to increase funding for such programs and accelerate the allocation of funds. Please do not delay this process" he said at a meeting with his envoys to Russian regions.

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