Russia Allocated Almost 3 Trillion Rubles to Support Economy in Pandemic

During the coronavirus pandemic, Russia allocated about 3 trillion rubles to support citizens and the economy, which is more than 4.5 per cent of the country’s GDP, according to the country’s President, Vladimir Putin, at the summit of the Shanghai Cooperation Organization (SCO), TASS reports. 

“Russia has allocated about 3 trillion rubles, and this, to be clear in comparative terms, is more than 4.5 per cent of our country’s GDP, to preserve jobs and incomes of citizens, support entrepreneurship, restart the investment cycle, help regions, specific people and families with children, first of all,” Putin specified.

According to the Head of State, digitalization and wider use of environmentally friendly technologies and other innovative solutions in all spheres of life, including public administration, transport, and communications, will become a key tool for further stimulating economic growth.

Ru-Main, 17.09.2021 

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