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The government promises travel companies a "suspension of bankruptcy", compensation for non-refundable flights and the ability to "open" personal liability funds

Tourism news
26.03.2020

ANTIVIRAL TOURISM NEWS

Travel and airline companies facing large-scale financial problems due to the actual close-down of their markets amid the fight against coronavirus will not only be given tax holidays. The Russian authorities decided to introduce a bankruptcy suspension for them.

A new bill, developed by the Ministry of economic development, introduces a new article in the law on the fundamentals of tourism which provides for the possibility of changing the timing of contributions to personal liability funds, as well as a mechanism for using such funds to refund tourists according to the decision of the Government of the Russian Federation for each specific closed country.


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