The Russian government has prepared a new plan to support the tourism sector of the economy due to the virus and fall in oil prices
The plan developed by the authorities is divided into four units. This is support and provision of basic necessities of the population; support of especially negative affected economic sectors; support of small and medium-sized businesses; system-wide measures. An anti-crisis fund of 3 billion euro was created to implement the support plan.
Avia and travel companies experience the most serious negative impact. A separate package of support of them includes:
∙ deferral of tax payments
∙ no contribution to the reserve fund of the tour operators’ association and no contributions to personal liability funds of tour operators
∙ state guarantees for loans restructuring and payment prolonging
The losses to air companies because of flight cancellation are planned to be reimbursed.
The tourism sector of Russia is mostly represented by small and medium-sized businesses. Therefore, the following apply to the majority of companies in this field.
Support measures for small and medium-sized businesses:
∙ deferral of insurance premiums starting this March (30% of the salary)
∙ soft loans and guarantee support programs
∙ a deferral for leasing state and municipal property for three month
The economic effect of current events cannot be predicted at the moment, so the package of implemented measures will be extended if necessary.
Thought the tourism sector holds the support as non-sufficient, the measures generally were very welcomed by Russian travel professionals.
Natalia Klimenok, graduated from two the most popular Russian universities, Moscow State Linguistic University in 2001 (specialization - linguistics and intercultural communication) and Moscow State University in 2002 (specialization - PR and publicity), several years worked on radio station, before to come to tourism industry in 1995. 8 years she worked in one of the biggest tour operator in Russia, Labirint Travel Company, the main wholesales for such destinations as Greece, Finland and Scandinavia. Natalia has experience in MICE industry, including cooperation with federal organisations. Natalia has PhD in social science. Recently Natalia works in Baginet Sales and Marketing Agency as Executive Director.