Putin outlined the key challenges facing the economy

Russian President Vladimir Putin believes support employment and stability of income of citizens of Russia the main challenges facing the authorities and the economy as a whole. He stated this today at a meeting of the Council for strategic development and national projects.

“We need steady population growth, increase life expectancy, of course, consistently to struggle with what is called unpleasant word “poverty”. The solution here is obvious: we need new jobs and opportunities for people to conduct their business,” said the head of state, quoted in a press-service of the Kremlin.

he stressed the importance of efforts to overcome caused the Russian economy to a pandemic coronavirus damage.

moreover, Putin instructed “to continue to improve the business climate to stimulate the emergence of new investment projects, primarily in the field of import substitution”. “Of course, once again I want to emphasize import substitution is not a panacea, we do not seek to replace all imports”, — said the President. However, in his words, “the experience of recent months when global trade came to a halt because of the closures, showed, however, that this task its relevance is not lost, and maybe becomes even more relevant.”

At the same time Putin is convinced that the line of whitewashing and increase transparency of the country’s economy should be continued. “Priority support was given to those entrepreneurs who work vbeluyu, comply with all applicable labor and tax laws, care about their teams. This line of whitewashing and increasing the transparency of our economy must be continued,” urged Putin.

According to him, such action is in the best interests of the citizens and domestic businesses to enable them to work in a civilized manner and in any situation to count on help from the state.

the President also reminded the government “to prepare a National plan of action for the recovery of business activity, the list of system solutions to overcome the effects of the recession to sustainable growth.” In this regard, Putin proposed “to immerse, to integrate measures of the plan into national projects, to work on all significant organizational issues”.

we also 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.

may 11, Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19.

June 2, Prime Minister of the Russian Federation Mikhail Mishustin reported on the nationwide state plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will amount to about 5 trillion roubles. June 19, Putin was sent a revised draft of the national plan.

July 2, Deputy Minister of Finance of the Russian Federation Vladimir Kolychev said that the total cost of the measures (the bailout package), aimed at combating the spread of coronavirus infection in Russia and mitigating economic impacts from restrictions imposed, estimated to be worth about 4 trillion rubles. According to him, the main focus of the budget measures were made on several fronts: strengthening health systems, supporting citizens and businesses, the balancing of regional budgets.

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