Putin outlines national priorities to restart economy & raise living standards as Russia emerges from Covid crisis

took unprecedented measures

The Russian government took unprecedented measures to support the economy through the coronavirus pandemic, saving five million jobs, President Vladimir Putin said on Wednesday in his annual address to the Federal Assembly.

According to Putin, the government will continue promoting private investment to support the creation of new jobs. He has instructed the government to develop a program of additional measures to support small and medium-sized businesses. The proposals on “tax incentives, affordable loans, expansion of product sales, including through purchases from large state-owned companies,” should be submitted within a month.

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