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Russia allocates $41 bln to support citizens, economy in pandemic, says Putin

The Russian President expects digitalization and innovative solutions in every area of life to become the key instrument of further encouraging economic growth

MOSCOW, September 17. /TASS/. Russia allocated around 3 trillion rubles ($41 bln), or more than 4.5% of the country’s GDP, for measures supporting citizens and the economy during the coronavirus pandemic, President Vladimir Putin said via video link at the Shanghai Cooperation Organization (SCO) summit on Friday.

"Russia allocated around 3 trillion rubles, which is more than 4.5% of the country’s GDP, for maintaining jobs and households’ incomes, supporting entrepreneurship, restarting the investment cycle, helping regions, particular people and families with kids in the first place," he said about the measures taken during the pandemic.

Putin expects digitalization and a wider use of non-emitting energy technologies and other innovative solutions in every area of life, including public administration, transport, communications, to become the key instrument of further encouraging economic growth. "SCO member-states have established cooperation on all those issues, and it is necessary to actively develop it," the president said.

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Vladimir Putin Russia's domestic policy

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