The Russian economy, despite the pandemic, remains stable, and there are sufficient funds for implementing national development goals. This was stated by Russian Prime Minister Mikhail Mishustin.
"The pandemic has actually slowed down economic growth, actually reduced revenues at all levels of the budget and caused significant damage to a large number of people, companies and organizations. I want to assure everyone that macroeconomic stability and the revenues that have been collected at all levels of the Russian budget before, make us feel very comfortable and stable," he said.
He added that "there is no need to worry, there are sufficient funds to ensure all strategic national goals and national projects.
Mishustin noted that the volume of the National Welfare Fund "will be at least 8 trillion rubles by the end of the year. "We have stable gold and foreign currency reserves, and today it is about $570 billion," he added.
The head of the Cabinet of Ministers also pointed out that all the measures taken by the Russian authorities in the crisis caused by the pandemic were very clear and gave results. "We supported the demand and supported people who remained in a difficult life situation. And of course, we supported our companies with a large number of measures that were presented at the national level," he added.
GSV "Russia - Islamic World"
Photo: official website of the President of the Russian Federation
Based on materials from TASS