The Chairman: the Business

the President of the chamber of Commerce and industry of Russia (CCI) Sergey Katyrin declared that the Russian business finds insufficient support in terms of the crisis caused by the pandemic coronavirus infection COVID-19, but the amount of funds required for the restoration of the country’s economy may increase by more than 50%.

“Yes, business is not all happy, I would like more, but who said that in the course of implementation will not be a correction? They will. The pandemic has caused tremendous, still not considered damage. I think the amount for recovery (laid down in the national plan — ed.) a more thorough consideration of the needs of the economy will increase by more than half,” — said the head of the CCI in conversation with RIA “Novosti”.

Recall that on 3 June the Chairman of the government of the Russian Federation Mikhail Mishustin instructed in the near future to finalize the draft of the national plan for economic recovery. As the Prime Minister said at the meeting of the coordinating Council for the coronavirus, Russian President Vladimir Putin “accepted the draft plan as a basis for future work.” “A number of points will be further elaborated. It is also necessary to take into account the results of the sectoral meetings that the President will hold in the near future. The government will also continue to consult with the business and expert community”, — said Mishustin.

the Prime Minister said that the plan is designed in three stages — until the end of 2021. “Following its implementation, we expect not only to overcome the recession, but also to ensure sustainable GDP growth, which will be the basis for raising people’s incomes. These objectives we intend to achieve by working on improving investment climate, introducing modern technologies, increasing the level of education and applying several other measures,” — said the Prime Minister.

a Day earlier, Mishustin during the conversation with Putin said that the cost of implementation of the national plan for the recovery of the Russian economy in 2020-2021 years will be about 5 trillion rubles, the document contains about 500 specific events.

for his part, the head of state approved the application of the economic recovery plan prepared by the government as the basis in this work. He noted that active implementation of the plan should begin in July.

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.

may 11, 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, the President 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.

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