By Tsarizm Staff | April 3, 2020
Image by Sherlockpiano [1]
Russia could be heading for its deepest recession in a generation with millions of workers set to lose their jobs, economists have warned, in a stark assessment of the economic costs of the coronavirus outbreak, and Russia’s response to the pandemic.
In an address to the nation Thursday afternoon, President Vladimir Putin extended [2] a shutdown of the Russian economy, ordering non-essential businesses to stay closed until the end of April, giving workers a month-long paid holiday.
Despite the drastic measures, which came as Russia recorded another record increase in coronavirus cases taking the number of official infections [3] to 3,548, the president refrained from offering any kind of economic stimulus package or support to businesses…
To read more visit The Moscow Times. [4]
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This piece originally appeared on Tsarizm.com [7] and is used by permission.