New business support measures come into force in Russia

Today, a law was signed on measures to support citizens and businesses in Russia. Support measures include a moratorium on scheduled inspections of individual entrepreneurs and small and medium-sized businesses starting from March 10 until the end of the year, as well as anti-crisis revolving loans for small (at a rate not exceeding 15%) and medium-sized (not higher than 13.5%) businesses, and possibility of credit holidays for entrepreneurs.