The authorities have determined the terms of credit holidays for individuals and businesses

Prime Minister Mikhail Mishustin signed a decree on the maximum amount of loans for applying for credit holidays as a measure to support citizens and businesses in the face of sanctions

Prime Minister Mikhail Mishustin signed a decree on the maximum amount of loans for which Russians can apply to banks for credit holidays. This was reported by the press service of the Cabinet.

The following limits are set for consumer loans :

for individuals - 300 thousand rubles; for individual entrepreneurs - 350 thousand rubles; on credit cards - 100 thousand rubles; for car loans - 700 thousand rubles.

Mortgage loans are subject to the following limits:

for Moscow - 6 million rubles; for the Moscow region, St. Petersburg and the regions of the Far Eastern Federal District - 4 million rubles; for other regions of RUSSIA - 3 million rubles.