the highest payouts of officially registered unemployed will be saved in July and August. This was stated by Russian President Vladimir Putin in a televised address. He pointed to the coronavirus associated with the growth of unemployment in the country, noting that “difficulties have not receded” and the economy is not yet operating at full strength. Putin also proposed to allocate another 100 billion roubles in loans to businesses by 2%.
Recall that from 1 may the minimum unemployment benefits increased to 4.5 thousand rubles for the period of three months. While labor Minister Anton Kotkov in June noted that the official unemployment rate in Russia during the first half of June increased by 16% and was 2.42 million people.
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