The Cabinet of Ministers will allocate more than 1 billion rubles for credit and guarantee support for enterprises in the North Caucasus Federal District

His words are quoted by RIA Novosti. 

“A decision has been made on small and medium-sized companies in the North Caucasus Federal District.

The government will additionally allocate over 1 billion rubles to provide them with credit and guarantee support,” the Prime Minister said.

At the end of April, senators of the Federation Council approved a law aimed at maintaining the financial stability of regional and local budgets in the face of sanctions.