Putin: Russia's economy gradually recovering

Russia’s Economy is gradually recovering, 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 Economy is recovering, is gradually emerging from the restrictions,” — said the Russian leader.

During the quarantine restrictions many continued to work to ensure that the country needed doctors, pharmaceutical companies, energy, transport, food industry, protection and others. They clock to “keep the economic and industrial front against the coronavirus,” he said, working “with high voltage, often at the limit of their capabilities”.

“Managed to prevent a sharp spike, which is extremely important, and quickly localize and eliminate the temporary deficits of individual products,” — said the head of state.

According to the Ministry of economic development, the index of openness of the economy in the regions of Russia – the lifting of restrictions increased to 89.6% from dekorativnogo level. In late April the economy of the regions was maximally closed: 28% of jobs in the country were subject to restrictions.

the Index is calculated from April of this year, when a quarantine was imposed and takes into account workers in sectors of the economy that are not under restriction to the total number of the economically active population of the region.

the Russian regions gradually began to remove restrictions in may under the coordination of the government. Regional leaders are responsible for making decisions about the removal of restrictions or an extension with the situation.

the Head of the CBR Elvira Nabiullina does not expect a quick recovery of the Russian economy. This prevents a number of factors. 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 the levels of 2019 will take place only in the first half of 2022, the head of the CBR Elvira Nabiullina during an online press conference, which was broadcast channel “Russia 24”.