Russian Ministers urged

the Chairman of the government of the Russian Federation Mikhail Mishustin considers it necessary, despite the crisis due to pandemic coronavirus infection, work for the future and create a basis for further development of the economy. He stated this today at a meeting with Deputy Prime Ministers.

He recalled that “last few months” the authorities “took active measures to combat the spread of coronavirus infection and the support of citizens, business and the economy.”

“however, no matter how difficult his current situation, we need to work in the future — to create base for the further development of economy and social sphere, to use all the existing opportunities and find new. Continue to build modern schools and kindergartens, hospitals and clinics, new businesses. When it comes to the welfare, health and even life of hundreds of people, administrative, bureaucratic procedures should be minimized,” — said Mishustin, quoted in a press-service of the Cabinet.

Earlier, the head of Ministry of economic development (MED) of the Russian Federation Maxim Reshetnikov at the meeting with deputies of the Duma faction “United Russia” stated that to date the authorities have concentrated on the elaboration of a national economic recovery plan.

According to him, the recovery plan, which now must be submitted to the government, “formed on the basis of and taking into account the comments, proposals from the business communities”, from the deputies arrive.

“at the same time a large block of the task of investment instruments, development of programs of export support, to support incomes in the first place, and, of course, a large block of initiatives and ideas will support small and medium business”, — quotes “Interfax” the Minister.

Recall 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 that the value 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.

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