Russian President Vladimir Putin addresses the nation on the coronavirus disease (COVID-19) outbreak in a televised speech in Moscow, Russia March 25, 2020.Alexei Druzhinin/Sputnik via Reuters
The news was delivered on March 25 in a televised address and outlined a series of measures planned for the near future to ease the increasingly real burden the coronavirus outbreak is having on the nation.
1. Nationwide paid leave starting week commencing March 28
2. The vote on constitutional changes has been postponed from April 22 until further notice
3. All social benefits are to be extended automatically, no documentation required
4. All families that qualify for maternity benefits are to get an additional 5,000 rubles (ca. $63) monthly for each child under 3 for the next three months starting from April, 2020.
5. All employees on sick leave will not have their pay reduced below the minimum wage - this provision will last through 2020
6. The new maximum unemployment benefit pay will be set at 12,130 rubles (ca. $154)
7. All private loans and mortgage payments are to be frozen for borrowers who provide evidence of a more than 30% decline in the ability to repay (failure of business, salary-related issues, etc.)
8. Concerning businesses suffering through the COVID-19 outbreak, the new measures are as follows:
9. A six-month delay in loan payments for all small and midsize businesses
10. Additional measures for strengthening small businesses are to be introduced
11. A six month moratorium on bankruptcy claims for businesses operating in areas hardest hit by the outbreak
12. Dividend tax rate is to indefinitely be increased to 15 percent in case of money taken out of the country
13. Returns on each personal investment, including bank deposits and stocks exceeding the total sum of 1 million rubles (ca. $12,600), are to indefinitely be taxed 13 percent
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