EconomyBank of Russia advises lenders to support entrepreneurs hit by terrorist attacks
The Bank of Russia is advising lenders to assist entrepreneurs affected by terrorist attacks. The regulator says banks should not impose fines or penalties when those borrowers fall behind on payments. It also urges lenders not to demand that the loans be repaid ahead of schedule. The guidance is aimed at easing the financial pressure on the affected business owners.
Bank of Russia advises lenders to support entrepreneurs hit by terrorist attacks