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Legislative Changes Review
July, 2020

August 01, 2020
Legislative Changes Review
July, 2020
Main events in June:
  1. There were published amendments on recognition of bad debts on credits for urgent needs
  2. The Ministry of Finance has published recommendations on accounting of expenses, connected with the pandemic
  3. New rules for making payments to employees being dismissed due to liquidation of the company
  4. The Bank of Russia: the key rate was decreased up to 4,25% per annum
  5. The deadlines for the submission of some documents, specified by the Instruction of the Bank of Russia No.181-I, have been prolonged
  6. Since July 31, 2020 the administrative liability for violations of the currency legislation of the Russian Federation will significantly change