Expenses of Russians has fallen by a quarter due to quarantine measures

the restrictions imposed in the fight against the spread of the pandemic coronavirus infection COVID-19, significantly limit consumer expenses of Russians, but on the dynamics of the affected and revision of consumer behavior.

As noted in the research laboratory “Cerdanya”, “the national average only a quarter of the fall in household expenditure can be linked to the prohibitions applicable to specific industries”. “The lion’s share of the reduction was associated with the change in consumer behavior, as well as short-term problems in the logistics chain. This led to the possibility of a gradual economic recovery over the past two months”, — quotes TASS of extracts from the overview.

Recall that March 25, in a televised address to the nation Russian President Vladimir Putin expressed “extreme importance” to prevent “the threat of a rapid spread of the disease.” In this regard, he announced the week of 30 March-5 April “off, with pay”. April 2 in the course of the next televised address, Putin stated that the threat from pandemic coronavirus infection COVID-19 is maintained. The head of state decided “to extend the state of non-working days until the end of the month, ie April 30, inclusive”, but “with the retention by the employees of their wages.” On 28 April, the President extended a state of non-working days before 12 may, combining the traditional may holidays on the working days from 6 to 8 may.

let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures support the economy and citizens.

may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures, under which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national plan for long-term development of the economy, the recovery in employment and incomes.

on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.

on 2 June Prime Minister Mikhail Mishustin presented to the President a national plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will be about 5 trillion rubles.

Stories about how you tried to get help from the Russian state in terms of coronaries and what came of it, email it to COVID-19@rosbalt.ru