The Kremlin supported a moratorium on bankruptcy of farmers in the Rostov region

Russian President Vladimir Putin supported the request to introduce a moratorium on bankruptcies of farmers amid the difficult situation due to weather conditions.

As "Kavkazsky Uzel" wrote, Dagestani farmers, commenting on the statement of the republic's Ministry of Agriculture about the low yield of cherries due to frosts, noted that the harvest this year was good, there were no severe frosts.

Vladimir Putin, at a meeting with the acting governor of the Rostov region, Yuri Slyusar, supported a moratorium on bankruptcy of small and medium-sized farms due to unfavorable natural conditions.

"During the Covid period, there was such a support measure as a moratorium on bankruptcy, especially for small and medium-sized farms, because there is a high probability that they will put all their land up for sale and go to large agro-industrial holdings," the press service of the Russian president quotes Slyusar as saying. "I agree, let's do it," Putin said. Slyusar said that a corresponding letter from the region would be prepared and submitted.

The head of the region explained his request by the fact that this year, about 1 million hectares of agricultural land were damaged or destroyed due to unfavorable weather conditions - recurrent frosts, drought and low water levels. "Now the threshing is practically complete. This year, the drop (in grain harvest) IF) is almost twofold. And of course, these are big losses and damages. We are providing support measures at the regional level, but this year it will be very difficult for us without help from the federal center," said Slyusar.

A moratorium on bankruptcy is a temporary suspension of the right of creditors to file applications for declaring a debtor bankrupt. It is intended to support companies experiencing financial difficulties and helps entrepreneurs stabilize their businesses. The moratorium creates conditions that can help a company overcome temporary difficulties and avoid liquidation, RBC notes.

Earlier, on July 31, deputies of the Legislative Assembly of the Rostov Region appealed to the federal level with a proposal to establish a moratorium on initiating bankruptcy cases for farms affected by weather conditions for 2026, as well as to extend the "credit holidays" mechanism to agricultural producers affected by the emergency in 2026.

According to the speaker of the assembly, Alexander Ishchenko, the amount of damage and missing profit agricultural producers already amount to about 120 billion rubles. "After a series of frosts and the subsequent drought, direct losses alone amounted to about 8 billion rubles. For the second year in a row, development in our agriculture has been on the decline, primarily in grain crops," RBC Rostov quoted Ishchenko as saying.