Translartion. Region: Russians Fedetion –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Microenterprises operating in the construction, warehousing, hotel business, rental and leasing, as well as health resort services, will be able to take out loans without restrictions on the application of a floating rate. The order to this effect was signed by Prime Minister Mikhail Mishustin.
The decision will support housing construction, which plays a decisive role in the economy, as well as retailers and the hotel industry, which is especially important in the context of sanctions restrictions.
Often projects in these areas are implemented on the basis of separate, specially created organizations that can be classified as microenterprises. It is advantageous for such enterprises to take out a loan at floating rates, since in this case the interest rate will be lower than the market rate due to the risk of its possible increase.
For example, for developers, the fixed interest rate on loans today can reach 27-28% per annum. At the same time, the floating rate is about 20% per annum.
In June 2024, State Duma deputies adopted amendments to a number of current laws that limited the use of floating rates on loans. These same amendments gave the Government the right to determine industries that would not be subject to such restrictions.
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