MOSCOW, October 2 – Novosti. The moratorium on bankruptcy at the request of creditors, introduced by the government of the Russian Federation on April 1 as a temporary measure to support business, has ceased to operate in Russia.
According to Russian Prime Minister Mikhail Mishustin , the moratorium enabled debtors to cope with “current difficulties” within six months, to improve their business and find new sources of income. At the same time, any organization that was subject to the moratorium had the right to refuse it. To do this, she had to make a corresponding statement on the Federal resource.
The provisions of the moratorium applied both to organizations and citizens, including individual entrepreneurs. An exception was made only for debtors who are engaged in the construction of apartment buildings or other real estate.
Many large companies voluntarily refused to exercise the right to a moratorium on bankruptcy due to a number of restrictions imposed by it. For example, a moratorium does not allow the payment of dividends. However, some specialized associations, such as the Association of Internet Commerce Companies (AKIT), asked the Prime Minister to extend it until March 1, 2023.
The head of the Ministry of Economic Development, Maxim Reshetnikov, warned back in September that this measure would not be extended, as it was urgent and fulfilled its tasks.
