Teller Report

Reshetnikov does not expect a “rebound” in the Russian economy after the epidemic

4/21/2020, 10:28:23 PM

The Russian economy will gradually recover from the coronavirus epidemic, there will be no “rebound”. This was announced on air of the First Channel by the Minister of Economic Development Maxim Reshetnikov.


“The output will not be what is called a“ rebound ”... Everyone says a V-shaped curve, and everything has returned. Unfortunately, no, it will be phased, ”the Russian newspaper quotes the minister.

According to him, quarantine measures should be removed in stages.

“This means that for some time the business will have to start functioning under conditions of restrictions,” TASS quoted Reshetnikov as saying.

He also said that the government is developing the third and fourth packages of measures to support business. 

Reshetnikov previously ruled out the possibility of a repetition of the 1998 default in Russia.