“This will affect the rate of economic growth, but not significantly: within one or two tenths (percentage points of growth - RT) ... In one way, we will lose, but there are other possibilities,” RIA Novosti quoted Kudrin as saying.
He noted that “if the government tries to build capacity on other factors,” the Russian economy will be able to increase growth, despite the virus.
According to Kudrin, the Chinese economy is currently in a state of shock, which will affect the consumption and production of oil in the world. The head of the Accounts Chamber also noted that this will affect Russia's income.
Kudrin said earlier that due to coronavirus, a decrease in Russia's revenue from oil exports in the first quarter of 2020 is almost inevitable.
The head of Sberbank German Gref said that the long-term effect of an outbreak of coronavirus can have a significant impact on the Russian economy.