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Russian Prime Minister Announces Measures to Prevent the Spread of COVID-19 and Reduce its Economic Impact

|Approved Changes|Russia
Russia

Russia has published the transcript of a government meeting held 26 March 2020, which includes the remarks of Prime Minister Mikhail Mishustin on measures to be implemented in response to COVID-19 as per the instructions of President Putin made in an address to the nation a day earlier. The measures include:

  • an immediate reduction in national insurance contributions for SMEs from 30% to 15% on the portion of wages that is above the minimum wage;
  • the deferral of all taxes on SMEs for 6 mont…

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