Russia Allocates 2.5 Billion Rubles to Support Businesses in Crimea and Sevastopol

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The Russian government has allocated nearly 2.5 billion rubles ($33 million) to support businesses in Crimea and Sevastopol. Companies and individual entrepreneurs will receive state subsidies to partially offset employee salary expenses. This measure aims to reduce financial pressure on businesses and help retain workforces.

Earlier, businesses in Crimea and Sevastopol were granted a deferment on social insurance contributions, and decisions on conducting on-site tax audits were suspended.