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Coronavirus pandemic

Second wave of coronavirus does not push business activity down, says ministry

However, it is notable in certain sectors, Deputy Finance Minister Vladimir Kolychev noted

© Artyom Geodakyan/TASS

MOSCOW, November 18. /TASS/. The second wave of the coronavirus has not pushed business activity substantially down across the Russian economy, Deputy Finance Minister Vladimir Kolychev told a conference on Wednesday.

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"Judging by daily figures, we do not see the second wave leading to any substantial decline in business activity across the economy, though it is notable in certain sectors," he said.

The authorities have adjusted to the current environment in their policy, the deputy minister added.

"We believe that the fact that economic authorities have adjusted to unexpected developments both in monetary policy and in budget policy has played a certain role, relatively meaningful," he said.

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