Prime Minister Mikhail Mishustin gave instructions following the results of the meeting of the legal commission on the development of small and medium-sized enterprises, held on May 26.

In particular, according to the press service of the Cabinet of Ministers, the Ministry of Industry and Trade, Ministry of Finance and Ministry of Economic Development instructed to work on the issue of launching in Russia industrial mortgage – granting soft loans to enterprises at a rate of up to 5% per annum for the purchase of real estate directly from the industrial developer.

Earlier, Russian President Vladimir Putin instructed the Ministry of Industry and Trade to consider the possibility of implementing the industrial mortgage mechanism.

Another measure of support, reportedly, will be a 12-month extension of the terms of payment of insurance premiums for the II-III quarters of 2022 for enterprises of the chemical industry, including manufacturers of soap, cleaning products, cosmetics and perfumes. They were not included in the list of organizations that had previously been granted such a deferral. The Ministry of Economic Development together with the Ministry of Finance and the Federal Tax Service have been instructed to draft a decree on their inclusion in this list and submit it to the Government. This must be done by July 4.