The Central Bank of Russia issued recommendations to lenders to…
The Central Bank of Russia issued recommendations to lenders to restructure loans for small and medium-sized businesses affected by attacks on logistics centers, warehouses, and other commercial facilities, particularly those linked to Wildberries. The measures, effective until August 31, 2027, include forbidding penalties, early repayment demands, and negative impacts on credit history, though they remain non-binding.
Consensus
- The Central Bank of Russia issued recommendations for lenders to restructure loans for small and medium enterprises affected by attacks on commercial facilities.
- The recommendations apply to banks, microfinance organizations, credit cooperatives, and credit bureaus.
- The measures are intended to prevent negative impacts on credit history and include forbidding penalties, late fees, and demands for early repayment.
- The recommendations are not mandatory and do not automatically grant debt relief or deferment rights.
- The measures are effective until August 31, 2037.
- The attacks have targeted logistics centers and warehouses associated with Wildberries.
- The attacks began on July 18 and have affected multiple regions including Moscow Oblast, Leningrad Oblast, Samara Oblast, Tula Oblast, Vladimir Oblast, and Krasnodar Krai.
- Wildberries has introduced new insurance coverage for damage caused by terrorist acts, sabotage, and drone attacks.
- Wildberries has also implemented support measures for sellers, including reduced storage fees and waived transit charges.
Points of divergence
- The Central Bank's recommendations were issued on the same day the government was tasked with preparing support for businesses affected by drone attacks. — tg_theinsider
- The government's priority was stated to be supporting Wildberries sellers. — kommersant
- Wildberries has increased insurance tariffs following the introduction of new coverage for drone attack risks. — vedomosti
- The Central Bank's previous similar measures were applied to businesses in regions with 'medium response level' and those affected by floods. — tg_theinsider
- The Central Bank previously recommended loan restructuring for businesses affected by floods (until December 31, 2026), temporary difficulties (Q3 2024), and poor contractors in residential construction (March 2026). — vedomosti
Coverage (4 sources)
- Central Bank urged creditors to restructure debts of businesses affected by attacks. Decision remains with companies — The Insider
- Recommendations of the Central Bank on loans for sellers will be in effect until September 2027 — Коммерсантъ
- Central Bank recommended creditors support business damaged by attacks by Armed Forces of Ukraine — Коммерсантъ
- Central Bank recommended banks to restructure debts to business after attacks by Armed Forces of Ukraine on warehouses — Ведомости