Paid holidays announced by the Russian government to prevent the spread of Covid-19 will come at the expense of economic growth, but support for struggling businesses may offset the negative effects, analysts believe.
On Wednesday, Russian President Vladimir Putin addressed the nation to roll out emergency policies aimed at battling the deadly virus and its impact on the economy. According to the plan, most Russians will get a week of paid leave, except those working in the medical, pharmaceutical, and banking sectors, as well as in government bodies, essential stores, and transportation.
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