Advertisement

Cabinet relaxes loan repayment rules for relocated businesses

The Cabinet of Ministers has decided to help businesses that have relocated with loan repayments
The Cabinet of Ministers has decided to help businesses that have relocated with loan repayments

The Ukrainian government has introduced optional debt payments deferment for enterprises that had to relocate due to Russia’s full-scale invasion, Ukraine’s Reintegration Ministry announced on March 25.

According to the ministry, the new rules cover loans extended under the state-sponsored 5-7-9% subsidized loan program.

Read also: Zelenskyy holds talks with Ukrainian businesses to tackle regulatory hurdles, pledgesreforms

The deferral is offered to businesses that had to relocate from areas currently under Russian occupation or had their infrastructure damaged by combat operations since February 2022.

Read also: Ukrainian businesses can find funds with 16 grant options

“This will aid relocated enterprises in their recovery and future settlement of the deferred credits,” the announcement said.

“This measure will, in turn, contribute to the growth of small and medium-sized businesses.”

We’re bringing the voice of Ukraine to the world. Support us with a one-time donation, or become a Patron!

Read the original article on The New Voice of Ukraine