Programme Of Rescheduling Companies' Debt In The Making

The programme that the government is developing for the rescheduling of companies' debts, accrued penalties and fines to the state is designed for six years. President Vladimir Putin said so on Saturday at a conference in Vologda with the managers of major trade union associations. The Russian president stressed that companies that manage within a fixed time-frame to reschedule their debts will become leaders of the economy while those who fail will have to pay debts. Deputy Finance Minister Alexei Ulyukaev said at the conference that in case a company has amassed a debt through the state's fault, penalties and fines will be written off.

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