“The Bank of Russia recommends lenders to restructure loans granted to small and medium-sized businesses, as well as self-employed citizens, if the borrower’s situation worsens due to the spread of coronavirus infection,” the regulator said in a statement.
It is noted that the recommendation applies to banks, microfinance organizations and credit consumer cooperatives.
Earlier, the Bank of Russia recommended that credit institutions take a number of preventive measures to counter the spread of coronavirus infection COVID-19. Among them is the restriction of the reception and withdrawal of money from closed-circuit ATMs.