Cabinet relaxes loan repayment rules for relocated businesses
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.
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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.
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“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.”
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