Financial and legal measures to support small and medium-sized businesses in the context of pandemic turbulence

The article reveals the consequences of coronavirus crisis for business activity in Russia. considers certain financial and legal measures to prevent economic losses small medium-sized enterprises (SMEs) taken by Russian authorities context a long devastating COVID-19 pandemic. It was revealed that one effective mechanisms overcoming difficult socioeconomic situation is National Guarantee System Supporting Small Medium-Sized Businesses (NGS) created Federation back 2014 intensified its comprehensive activities pandemic turbulence. directions principles NGS are analyzed. Additional support SMEs have been disclosed due announcement another lockdown Russia fall 2021. further improvement system state businesses outlined, such as renewal credits at zero rates on salaries, establishment “grace” period preferential interest credit repayment, tax debts cancellation, subsidizing loans subject hiring new personnel, compensation rent, taxes rehabilitation programs. concluded it necessary take minimize threat declaring lockdowns future.