Coronavirus crisis not as bad for Russian economy as 2008 financial crash – Alexei Kudrin to RT

The Russian economy

The Russian economy is coping better with the Covid-19 pandemic than it did after the global financial crisis, the head of Russia’s Accounts Chamber and ex-finance minister, Alexei Kudrin, said in an exclusive interview with RT.

While no country in the world was prepared for the pandemic, Russia rose to the challenge fairly well, Kudrin said. The national economy is still set to face harsh economic consequences, and could plunge between four and five percent, but that drop is still less dramatic than forecast in earlier gloomy predictions, he explained.

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