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Real disposable incomes fell by 8% in year-on-year terms in April to June according to Rosstat. It also said that Russia's industrial output fell by 9.4% in June compared to a year ago. [29] On 22 July, the economy minister, Maxim Reshetnikov, was quoted as saying that Russia's GDP declined by 4.2% in the first half of 2020. He said that this ...
The government of Russia has initially responded to the COVID-19 pandemic in the country with preventive measures to curb the spread of the coronavirus disease 2019 in the country, which involved imposing quarantines, carrying raids on potential virus carriers, and using facial recognition to impose quarantine measures. [1]
In addition to the impact of COVID-19 on supply chains around the world, the conflict between Russia and Ukraine has also had a major impact on the product supply crisis. It will affect the global economy and trade, with Russia and Ukraine accounting for more than 25% of world wheat trade and more than 60% of global sunflower oil and 30% of ...
Russia's economy will be under major strain in 2025, economists told BI. One said stagnation was similar to the USSR at the start of the 1980s.
The COVID-19 pandemic in Russia was a part of the pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 . The virus was confirmed to have spread to Russia on 31 January 2020, when two Chinese citizens in Tyumen ( Siberia ) and Chita ( Russian Far East ) tested positive for the virus, with both cases ...
The Next Generation EU (NGEU) is a €750 billion economic recovery plan launched by the European Union in July 2020 in response to the economic challenges posed by the COVID-19 pandemic. [73] It aimed to mitigate the pandemic's immediate economic impacts and lay the groundwork for long-term recovery through investments in green energy, digital ...
Based on the results, the World Bank announced that in 2021 Russia was the world's 4th largest economy (int$5.7 trillion and 3.8 percent of the world) and the largest economy in Europe and Central Asia when measured in PPP terms (15 percent of the regional total), followed by Germany (13 percent of the regional economy).
The Russian economy looks unable to sustain President Vladimir Putin’s war on Ukraine past next year, but an end to the fighting could also pose an existential threat to his regime, according to ...