Bankrupt companies will be able to receive loans
The authorities are preparing to ease restrictions on debtor companies, Izvestia has learned. Deputy Prime Minister Alexander Novak instructed to work out the possibility of granting them loans even after the initiation of bankruptcy rehabilitation proceedings, according to the minutes of the June meeting with the official.
"According to current legislation, if a legal entity is in bankruptcy proceedings, the incoming funds are sent to pay creditors. In other words, banks are forced to give money without guarantees of repayment, so they do not coordinate such transactions. Exceptions are possible by court order, but there is no single approach to this issue. In fact, the government is forming a new mechanism where debtor companies will be able to receive stabilization loans for urgent needs," said Dmitry Tortev, a member of the expert council of the State Duma Committee for the Protection of Competition.
The authorities are preparing the discussed support measure against the background of the difficult situation in a number of industries: There are still bankruptcy risks for developers, coal miners, transport companies and a number of others, Dmitry Tortev believes. The mechanism will have to be formed by the Ministry of Economic Development and the Federal Tax Service as part of the preparation of a National model of targeted business conditions, the document says.
The national Model is a set of measures aimed at improving the investment climate. As Izvestia wrote, Russian President Vladimir Putin announced work on it in June at SPIEF 2025. The Head of State noted that the government is preparing a National Model together with entrepreneurs, industry experts, and ASI specialists. The document must be approved by the end of 2025.
Read more in the exclusive Izvestia article:
The payment is clear: companies in bankruptcy will be able to receive loans
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