Two-thirds of the interest-free loans for the payment of salaries will provide guarantees of “Vneshtorgbank”. In addition, the ability to obtain such a loan should be not only small but also medium-sized and large enterprises in the industries affected by the pandemic coronavirus. As for strategic companies offers a special loan product for working capital financing. The money needed for the purchase of raw materials, components, the payment of advances to suppliers. This measure will allow to keep the rhythm of work, both enterprises and their partners.
“The interest rate on such loans will be subsidized by the state in the amount of Bank of Russia key rate, that is the real cost of credit for businesses today is 6% below the current market rate. In addition, half of the loan will be secured by state guarantees of the Ministry of Finance of Russia, which will also provide additional incentives to banks to issue such loans, minimizing the risks to the banking system,”– said the President of the Russian Federation.
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