RBTH
26 Mar 2020, 00:25 GMT+10
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/Reuters Among them, President Vladimir Putin has opted to postpone a key national referendum on constitutional amendments, while putting the nation on paid leave for the week starting March 28, and introducing a comprehensive program of benefits intended to help people and businesses through the pandemic.
The news was delivered on March 25 in a televised address and contained 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:
Small and midsize businesses: tax payments - aside from value added tax - are to be postponed for six months. Microbusinesses: an additional postponing of insurance payments for six months.
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
Get a daily dose of San Jose Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Jose Sun.
More Information(Photo credit: David Richard-Imagn Images) In a span of 10 pitches Saturday, the Cincinnati Reds ensured they wouldn't be swept for...
(Photo credit: David Butler II-Imagn Images) The Boston Red Sox will be looking to extend their winning streak to 10 games Sunday...
(Photo credit: Eric Canha-Imagn Images) In his 51st career start, Garrett Crochet accomplished two feats in one dominant outing:...
(Photo credit: Daniel Kucin Jr.-Imagn Images) Two teams that have long climbs if they're going to reach the postseason needed a sweep...
New Delhi [India], July 13 (ANI): The business valuation of the Indian Premier League (IPL) has surged an unprecedented USD 18.5 billion,...
(Photo credit: Dennis Lee-Imagn Images) All-Star Brent Rooker hit a tiebreaking two-run homer and drove in three runs overall to...
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...