Measures of support for systemically important enterprises

The company’s selection rules for inclusion in the industry systematic lists and measures of support during the economic crisis were defined by the Decree of the Government of the Russian Federation No 651 from 10.05.2020.

According to the Decree, the support is provided in the following ways:

• cost recovery subsidies, as well as the subsidies for reimbursement of part of the costs due to production and sale of goods, carrying-out of work or provision of services;
• deferrals of tax and advance tax payment;
• government guarantees on loans or bonded debts which are raised by companies to solve urgent tasks to ensure the sustainability of economic development;

The systemically important enterprises will be able to count on one or more support measures in case the conditions below are met jointly:

• the company is not a foreign legal entity or a Russian legal entity with direct or indirect share of foreign participation exceeding 50%. The decision not to apply this rule to the organization can be taken by the Government Commission on stability improvement of the Russian economy;
• analysis of company’s financial and economic activities and assessment of its financial stability, i.e. a stress-test;
• the company may have arrears on taxes, fees and other mandatory payments not exceeding 10,000 RUB in total, it should also not have overdue arrears on return of subsidies to the Federal budget or budget investments provided in accordance with other regulatory legal acts on the date of filing the application for support.

To get the support, it is necessary to send the application to the industry authority and the Ministry of Economic Development of the Russian Federation with the attached list of documents.

The Decree also defined the procedure for application processing and decision making procedure on providing support.

The Ministry of Economic Development of the Russian Federation is responsible for the maintaining of the Register of systemically important enterprises, which includes companies with support provided by the Government Commission on stability improvement of the Russian economy.

The Register should contain the data on systemically important enterprises, forms, volumes, terms and conditions for providing support, as well as details of the adopted decisions.

They are available in «Lists we recommend» of the Information and Analytical system Globas.