Russia battles both COVID-19 pandemic and economic downturn

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Russia battles both COVID-19 pandemic and economic downturn
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Russia has almost 250,000 coronavirus confirmed infection cases, the second-highest tally in the world after the United States. AsiaNewsNetwork

They also had a political interest in downplaying the health challenge. A nationwide referendum on constitutional amendments designed to allow President Vladimir Putin to remain in office for many years to come was scheduled for April 22.

Earlier this week Mr Putin announced the end of what he gingerly called the period of “non-working days”, and ordinary Russians are beginning to emerge from their homes and return to work. Furthermore, in a country with a long tradition of “doctoring” statistics, few ordinary Russians believe Mr Putin’s reassurances that the pandemic is “under control”.

And the economic ravages will be even more severe as the pandemic coincides with a serious downturn in the country’s finances due to the collapse in the price of oil, which accounts for around 40 per cent of Russia’s budget revenues.

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