"The Ministry of Finance of Russia (A.G. Siluanov) on April 7, 2021, to submit to the Russian government proposals for replacing the market debt of the constituent entities of Russia with budget loans," the list of decisions following the meeting on April 1 says.
The department was also instructed to restructure the regions' obligations on budget loans issued in December 2020.
In addition, the Ministry of Finance, together with the Ministry of Economic Development and Trade, should work out proposals on providing the subjects of infrastructure budget loans in 2022-2024 by April 15, subject to their return.
Earlier, Russian President Vladimir Putin noted that the revenue base of some regions is still unstable and remains in the field of vision of the authorities. He instructed the governors to analyze the financial condition of the regions.