Putin: Russia comes out with minimal losses after a battle with coronavirus

Russia comes out with a minimal loss of combat coronavirus, said Russian President Vladimir Putin during a meeting in mode of videoconference with the representatives of industries affected by the pandemic, which was broadcast channel “Russia 24”.

the Fight against coronavirus “all joined”. The head of state noted that there are still problems: “not everything and not everywhere as good as could be desired”. But extreme condition forced them to mobilize and to find reserves, to make decisions quickly.

practices “should be used everywhere”. The country has resources and opportunities to improve production efficiency, productivity.

“We really worthy – it is now possible to say – responded to the threat of the epidemic thanks to consolidated efforts of society, health systems, the vital sectors of the national economy”.

As noted by the head of state, this was possible, “because to a great extent could rely on its own technological and industrial base, on what is called your rear.”

an Extreme situation forced to mobilize all and review regulations, business processes, increase productivity, look for ways out of difficult situations together — and the authorities and business. Assistance was provided to both individuals and businesses.

In the conditions of the quarantine restrictions of the economy and population is a big burden fell on all the key parts of the economy, digital infrastructure. All the links proved that “can quickly adapt to major challenges, to withstand a heavy load and to work in difficult conditions”, said the Russian leader.

the Government of the Russian Federation taking into account opinion of business has developed a National plan for the recovery of the Russian economy. The plan aims at GDP growth of at least 2.5% by the end of 2021, the reduction of unemployment to 5% and the increase in real incomes. Realiorganization of the plan is scheduled to begin in July. The document contains about 500 specific activities, and the amount of support and recovery for about two years, will be about 5 trillion rubles.

By the end of 2020 Russian GDP may decline by 4-6%, according to the Central Bank. The full return of the Russian economy to pre-crisis levels in 2019 will only happen in the first half of 2022, the head of the CBR Elvira Nabiullina.

the Russian economy will cope with the recovery of coronavirus better than European or American, said the head of Sberbank German Gref.

the Amount of restructured debt in Russia amounted to 2.5 trillion rubles in support of enterprises affected by restrictions in the economy during a pandemic, said earlier the Deputy Chairman of the Bank of Russia Olga Polyakova. Russian banks restructured more than 11% of the portfolio of loans to all enterprises of small and average business. Russian banks have received over 1.4 million applications from citizens for restructuring of loans.