The fall of export from the Russian Federation for the quarantine period was the highest for 5 years

the Export of goods from Russia during the period of “quarantine spring” (March, April and may 2020) fell by 30% yoy to $75 billion, which was “the maximum decline over the past five years”, according FinExpertiza.

analysts international audit and consulting network, “export performance in the spring was worse in 2015, when turnover fell by 32% in dollar terms.”

In particular, supplies abroad the key to the Russian fuel and energy products have fallen 2 times in monetary terms (minus 44%, to $37.7 billion), due to reduced energy demand and falling oil prices. “In the spring of 2020 the share of oil, gas and other commodities fell to exactly half of the total exports, while the previous year it was 62%”, — stated in the review of FinExpertiza.

the Experts concluded that “there has been a decline in exports of all aggregated product categories, with the exception of two”. So, more than 2 times increased the export of precious stones, precious metals and products from them 3 months he made $6.2 billion in addition, the export of food products and agricultural raw materials increased 24% to $6.9 billion.

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.

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.

on 2 June Prime Minister Mikhail Mishustin reported on the state GeneralNatsionalny plan for the restoration 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.

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