Published on: 2026-04-30
Source: Central Bank of Russia – Central Bank of Russia –
An important disclaimer is at the bottom of this article.
Small and medium-sized enterprises affected by the flood can apply to their creditor for a payment deferral under loan agreements and loan contracts until December 31, 2026. This is stated inInformation letter of the Bank of Russia.
If there are no grounds to grant a preferential period forto the law, the regulator recommends that banks and non-credit financial organizations consider applications regarding changes in contract terms and grant deferrals according to their own restructuring programs. During the deferral period, fines and penalties cannot be accrued.
Creditors should promptly send updated information about payments to borrowers – subjects of SMEs. Such restructuring should not worsen the credit history, the letter notes.
Photo on preview: Razmik Zakaryan / URA.RU / TASS
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