About: http://data.cimple.eu/news-article/3878a7f2a2bb8f79a475fb8378155fa533835e6ead165d3d0faf5446

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About: http://data.cimple.eu/news-article/3878a7f2a2bb8f79a475fb8378155fa533835e6ead165d3d0faf5446 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Russian officials are preparing new relief measures for the business sector, which has received little state support since the start of the pandemic, a pro-Kremlin newspaper reported Monday. The Izvestia daily, citing notes from a meeting hosted by Deputy Prime Minister Andrei Belousov, published a general outline of a new government programme that could cost up to 200 billion rubles ($2.73 billion). Measures include interest-free loans to cover salaries, tax cancellations for businesses in hard-hit sectors and loan subsidies for small- and medium-sized businesses provided they hire new staff. The finance ministry, the ministry of economic development and the tax agency will develop the new measures. The Russian government did not respond to AFP's request for comment on the Izvestia report. Russia has provided businesses much leaner support measures than many European countries, introducing targeted tax cuts, for example, but withholding direct financial aid. Earlier this month, Economy Minister Maxim Reshetnikov voiced concern about the possibility of a new wave of workers being laid off in March, when several business support measures established at the start of the pandemic expire. "We are concerned that in March some companies may cut staffing, especially in those sectors that have not yet fully recovered," said Reshetnikov, according to the RBK business daily. Those sectors at risk include catering, entertainment and the hospitality and services sectors, he said. Russia's economy last year contracted by 3.1 percent under the weight of an oil price crash and the coronavirus pandemic, causing higher unemployment and a drop in purchasing power. But it weathered the coronavirus crisis better than other countries due to its small service sector and because authorities did not impose a new lockdown last fall to aid Russia's already strained economy. Unemployment in Russia jumped from 4.7 in March -- just become a strict stay-at-home regime was introduced -- to 5.9 percent at the close of 2020. apo-acl/emg/jj
schema:headline	Russian govt to roll out new virus subsidies for businesses
schema:mentions	RBK Group Electromyography Russian ruble Deputy prime minister Agence France-Presse Impose (magazine) Ebola virus disease Lockdown Russia Pandemic Russian language Severe acute respiratory syndrome coronavirus 2 Maxim Reshetnikov Izvestia Purchasing power Tertiary sector of the economy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)

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