Russian regions

the Russian government until July 15 of the current year will allocate regions of 100 billion rubles for compensation of lost income. This was stated by Vice-Premier Marat Khusnullin.

In his words, “the analysis of all the lost income will be undertaken as at 1 July, then to 15 July, all regions should get this help”, reports “Finmarket”.

we also Recall that on 11 June the Prime Minister of the Russian Federation Mikhail Mishustin said that the Russian authorities will allocate additional funds for the development of problematic regions. He assured that the authorities continue to “support the ten most problematic regions of Russia, each of them has developed an individual program of social-economic development in 2020-2024 years, taking into account local specifics and possible points of growth”.

Previously, the money was allocated for the implementation of such a program in the Kurgan region. Now we are talking about “the remaining nine regions” is the Republic of Altai, Tyva, Karelia, Mari El, Adygea, Kalmykia, Chuvashia and Altai Krai and Pskov oblast, transferred to the Prime Minister.

He said that “the total amount of budgetary allocations on the implementation of the programs within three years will amount to more than 26 billion rubles.” Money, in particular, “will go on development of social, transport and engineering infrastructure to support agricultural industry, the construction of new enterprises, modernization of housing and communal services”.

Before it became known that the income of about one third of Russian regions fell due to the epidemic coronavirus infection COVID-19. To such conclusion experts of the Ranepa and IEP name of Gaidar.

Thus, in January—April 2020 total revenues to the budgets of constituent entities decreased by 1.2%. At the same time, stated the newspaper “Izvestia”, the biggest blow came in April, the revenues declined by 20.9%. This month’s quarantine greatly subsided revenues from taxes on profits, aggregate income and property. And profit from personal income tax in the moment and all have shown record low levels over the past two decades.

according to experts, losses of regions could be larger if not for Federal assistance.

let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures, under which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national plan for long-term development of the economy, the recovery in employment and incomes.

on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.

2 Jun Mishustin presented to the President a national plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will be about 5 trillion rubles.

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