Tough Times For The Russian Economy

Financial district of western Moscow. Kirill Zykov / Moskva News Agency 

RT: Covid-19-driven recession may see Russian economy contract by 4.5% & a million plunged into poverty, says finance guru Kudrin 

The economic consequences of Covid-19 are becoming clearer, and they aren't good. 

The number of Russians in poverty is projected to grow by about a million by the end of 2020, with the overall economy due to fall as much as 4.5%. 

That's according to the Chairman of the Accounts Chamber and former Finance Minister Alexey Kudrin, who revealed on Saturday the current projections for the state of the country's finances. 

Read more .... 

Update: Russian economy may shrink by 4.5% this year, Accounts Chamber chief says (TASS) 

WNU Editor: I have seen and experienced worse. At least Russia is doing significantly better than the European average (8-9%)

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