📋 Tender Overview
The Chamber of Commerce and Industry of Russia (CCI) proposes to establish the possibility for small and medium-sized businesses (SMEs) to use credit holidays once every three years. This was reported to TASS by the head of the chamber, Sergei Katyrin.
"In the context of the unpredictability of the external economic environment and with the forecast of further tightening of the monetary policy by the Central Bank of the Russian Federation against the backdrop of rising inflation, it is proposed to establish the possibility for small and medium-sized businesses to use the right to credit holidays not once every five years, but once every three years," Katyrin said, commenting on the proposal.
According to him, the RF CCI has repeatedly spoken about the need to introduce credit holidays for SMEs. "In this regard, the chamber conceptually supports the adoption of the said bill," Katyrin concluded.
The State Duma is considering a draft federal law, according to which preferential holidays are possible for SMEs and the self-employed no more than once every five years. The grace period must be provided at the borrower's request without any special requirements. The RF CCI has sent its opinion on this draft law.
