Putin: Small, medium companies will receive gratuitous aid of $162 per employee

Putin: Small, medium companies will receive gratuitous aid of $162 per employee

Russian President Vladimir Putin instructed the government to provide direct gratuitous state assistance to small and medium-sized businesses in the amount of 12,130 rubles ($162) per employee, TASS reports.

"In addition to the support measures that are already being taken I propose providing small and medium-sized companies of the affected sectors with direct gratuitous financial assistance from the state," Putin said at a meeting with members of the government.

"The amount of support for a particular company will be calculated taking into account the total number of its employees as of April 1 of this year, proceeding from an amount of 12,130 rubles per employee per month, "Putin stated.

The government should start preparing new measures to support the economy, Vladimir Putin said Wednesday.

"The situation is changing dynamically. I request the government together with regions and business associations to assess efficiency and sufficiency of undertaken measures on a going basis," the head of state said. "It is obvious that new solutions will be required, for the economy on the whole and for individual sectors," Putin noted.

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