On March 25th 2020 year the President of Russian Federation Vladimir Putin has addressed the Russians as was scheduled in view of the difficult pandemic and economic situation.

    Having addressed to the sitizens, Vladimir Putin has offered tax exemption (except VAT) for small and medium business in coming six months.

"I believe it is necessary to ensure small and medium business with tax deferral, except VAT, for six months, and for micro - enterprises set the deadline for insurance contributions to Social Funds" - said the Head of State.

    "And as for bank loans, the enterprises of micro, small and medium business in difficult terms should receive loan deferment within the next six months" - informed the President.

    In addition, Vladimir Putin offered a long-term reduction of insurance contributions for small and medium business from 30% to 15% to encourage employers to increase salaries to personnel. It comes to salary deduction beyond a level of minimum wage.

    Moreover, the President declared next week non- working, public holidays run from March 28th to April 5th.

    "The most important thing is to prevent the threat of infection spreading, therefore, I declare next week non-working with pay"- stated the Head of State Vladimir Putin.

   However, according the President's words, life support structures, in particular, medical facilities, pharmacy, stores, banks, transport, including authorities at all levels will continue their work.

   At this point, the President offered the following support measures:

    - To reschedule the date of the vote of amendment to the Constitution of the Russian Federation.

    - All the social allowances and benefits should be extended for coming six months.

- Veterans and workers on the home front are provided by one-time payment of 75th Anniversary of Victory by April 2020.

  -Families, entitled to maternity benefits receive 5 thousands of rubles monthly.

  - Temporary disability lists are payable of minimum wage size monthly.

  - Unemployment benefits should be increased up to 12 thousand rubles.

  -It is important to set up the loan and mortgage breaks for persons with incomes to drop over 30%.

  - A moratorium of bunkruptcy petitions for entities most affected by the economic crisis.

  - To increase the salaries, make double reduction of insurance contributions for a number of entities.

  - For dividends withdrawal to off-shore impose a tax size of 15%.

  - The taxes incoming from off-shore dividends direct to the support of families with children and unemployed persons.

  - All individual securities deposits should be taxed on size of 13%.