Abstract

The restrictions imposed by the governments of different countries for almost all business entities have become new conditions for their functioning for a period of one quarter or more, and led to the emergence of new economic relations and a corresponding recession up to an economic crisis in some industries. To avoid the economic crisis and to pay compensation, to allocate subsidies and other support measures, the governments of different countries used various methods of saving public resources, which further exacerbated the situation for citizens and enterprises, forcing them to seek and use new ways of doing business, which was the beginning of the “COVID economy”. State support measures in the Russian Federation were not applied to all sectors, but only to some types of activities (according to OKVED). Therefore, some enterprises had the only way to postpone the fulfillment of their obligations under the contract - to issue a certificate of evidence of force majeure circumstances according to the RF CCI. Because of the large number of contracts, the process of obtaining the certificates was lengthened; in addition, in some cases, such certificates were to be paid for. Most experts assess government support measures for the “COVID economy” in the Russian Federation as useful, but not effective enough. According to the operator of online cash registers “Evotor”, 19% of the enterprises in the Russian Federation did not continue the work after July 1, 2020. As of July 30, 2020, the second wave of the pandemic is expected in the world; and regardless of its arrival, a recession passing into the economic crisis will continue with possible intensification.

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