Nabiullina commented on the direct support of citizens and businesses

the Chairman of the Bank of Russia Elvira Nabiullina says that the measures of direct support in a pandemic coronavirus infection COVID-19 in demand by businesses and citizens. She stated this today during an online press conference.

“Indeed, measures of direct support of citizens and businesses — these measures are in demand, and we see that the government is expanding these measures to support and increase the expenditures for these purposes”, — quotes RIA “news” the head of the Central Bank.

While she believes that earlier announced by Russian President Vladimir Putin payments to children for 10 thousand rubles will support “the standard of living of families,” as well as demand in the economy, and will not give a strong proinflationary effect.

Nabiullina also noted that the budget funds of the Russian Federation is spent on direct support for companies and citizens to indirectly increase the volume of their bad debts. The head of the Central Bank assured that the regulator and the government are taking steps to troubled assets were not accumulated on banks ‘ balance sheets.

earlier today, RAC course online-the Startup Village conference LiveStream Chairman of the Board of the state Corporation “RUSNANO” Anatoly Chubais expressed the view that the economic crisis in Russia caused by the pandemic COVID-19, and the collapse of oil prices and devaluation of the ruble in February—March, to help through direct handouts of money you need to those who the hardest.

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 to support the economy and citizens.

21 April the Russian government announced thatthe cost adopted by the Cabinet of Ministers of measures to support the economy already amounted to 2.1 trillion rubles. Prior to that, head of the Ministry of Finance of the Russian Federation Anton Siluanov said that the budget measures for combating coronavirus and its implications in Russia is about 2.8% of GDP. In General, the total volume of fiscal support to individuals and business of all sectors in the context of pandemic coronavirus, the Ministry of Finance was estimated at 6.5% of GDP.

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.

Stories about how you tried to get help from the Russian state in terms of coronaries and what came of it, email it to