Govt bill supporting national economy submitted to State Duma

MOSCOW. March 3 (Interfax) - A bill introducing a package of socioeconomic measures amid the hostile actions of foreign states has been submitted to the State Duma by the Russian government.

The document was published in the State Duma's database early on Thursday morning.

The bill cancels inspections at small, medium and IT companies until the end of this year, liberalizes public procurement terms and procedure, and restricts drug exports. The bill allows the government to additionally raise non-contributory pensions, pension points, and the fixed payment pension during 2022.

The bill clarifies the application of business legislation, including the rules for calculation of net assets' value in 2022 and legislation on loans and borrowings, gives the government the right to derogate from a number of rules on licensing and accreditation and certain provisions of laws in the field of shared construction and intellectual property. There will be a special procedure for the establishment of the subsistence minimum and the minimal wage.

The government will be able to adjust rules of admission to Russian higher educational establishments for Russian citizens forced to stop their education abroad due to actions of foreign countries.