When President Vladimir Putin announced a paid holiday for the month of April to keep Russians home and prevent the coronavirus from spreading, ...
A political scientist has warned that the situation could be perilous for President Vladimir Putin. MOSCOW: When President Vladimir Putin announced a paid holiday for the month of April to keep Russians home and prevent the coronavirus from spreading, many small business owners braced themselves.AdvertisementThe small furniture manufacturing company where Natalia Garnova works has told her she will receive only half her monthly salary of 40,000 roubles ."This month, we have no orders ...
The non-working period was initially introduced by Putin on Mar 28 and extended on Apr 2 to the end of the month as part of tightening measures to slow COVID-19.Russia on Monday reported 2,558 new infections - its biggest daily increase to date - bringing its total tally to 18,328 cases and 148 deaths.
For Russians whose purchasing power has already been hit over recent years, the economic situation looks set to become even more precarious. In an effort to support entrepreneurs, the government has rolled out tax cuts and offered deferred payments. The central bank has released funds for banks so they can offer cheap loans to small businesses.
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