Russian President Vladimir Putin suggested allocating over 23 billion rubles ($308 million) to support the Russian aviation industry, which remains one of the most affected by the global pandemic as most flights have been cancelled and many countries have closed their borders.

He clarified that these funds can be spent by airlines on paying salaries to employees, paying lease payments for aircraft, as well as paying for aircraft parking at airports and replenishing working capital of companies.

The Russian government earlier allowed businesses to delay their tax and social security payments for up to half a year to help them cope with the consequences of the coronavirus pandemic as many companies were forced to put their activities on a pause due to quarantines and reduced demand.