Measures to Support Developers during the Pandemic

From April 03, 2020 to January 01, 2021 The Government of the Russian Federation has taken measures of support and released the Developers from:

Developers are granted a delay on payment of penalties (fines), interest, losses, claims until January 01, 2021, claims for which were presented to the Developer until April 03, 2020.

From April 03, 2020 to January 01, 2021, the Supervisory authority and the “Shareholder Rights Protection Fund” do not send a notification to the authorized government body that the Developer has violated the deadlines for completing the equity construction object for more than 6 months.

From April 03, 2020 till January 01, 2021 the Authorized Body is not entitled to apply to the arbitration court with the application on suspension of the Developer’s activity connected with attraction of money resources under the RDU contracts.

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