The Cabinet of Ministers will allocate about 38.5 billion rubles for the payment of grants to businesses

The government will allocate about 38.5 billion rubles to pay grants to small and medium-sized businesses from the industries most affected by the coronavirus pandemic and socially oriented non-profit organizations.

This will support about three million workers, Prime Minister Mikhail Mishustin said at a cabinet meeting.

Business and non-profit organizations, the head of government said, will be exempted once from income tax under this grant and contributions to state extra-budgetary funds for salaries of employees, and those, in turn, from paying income tax from such funds.


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