Russian Government allocated 1.4 trillion rubles to support economy
Russian Finance Ministry reserved funds in the amount of 1.2% of GDP for measures to combat coronavirus and to support the economy, said Prime Minister Mikhail Mishustin on Wednesday, while speaking at a meeting with the Russian President Vladimir Putin with members of the government.
"In total, the Russian Finance Ministry reserved 1.4 trillion rubles (1.2% of GDP) for the purpose of combating the spread of coronavirus and implementing anti-crisis measures," Mishustin said.
He emphasized that Putin has given the government the task of supporting citizens and the economy. "All the preparatory work was carried out by us as expeditiously as possible. Within a day, we formed the necessary changes to the legislation and the very next day, March 26 - we discussed them at a government meeting," Mishustin reported, adding that the State Duma and the Federation Council approved federal bills, which provide for the implementation of the initiatives proposed by the President.
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"In total, the Russian Finance Ministry reserved 1.4 trillion rubles (1.2% of GDP) for the purpose of combating the spread of coronavirus and implementing anti-crisis measures," Mishustin said.
He emphasized that Putin has given the government the task of supporting citizens and the economy. "All the preparatory work was carried out by us as expeditiously as possible. Within a day, we formed the necessary changes to the legislation and the very next day, March 26 - we discussed them at a government meeting," Mishustin reported, adding that the State Duma and the Federation Council approved federal bills, which provide for the implementation of the initiatives proposed by the President.
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