Putin assessed the impact of the pandemic on the Russian economy

He stated that "the past year has been the hardest for the global economy since the end of World War II."

“The planet's GDP in 2020 decreased by 3.5%, the head of state noted.

The reasons are objective, ”Putin said.

The President noted that “this is, first of all, the epidemiological situation, the introduction of forced restrictions, which had a negative impact on doing business, on the economic dynamics in general”.

Speaking about the situation in the Russian economy, he noted that “thanks to timely, calculated measures to support industries and business as a whole, it was possible to overcome the recession in the economy and reach its recovery.”

“Thanks to a targeted economic policy, we managed to avoid the failure of investment activity, and the risks of investing in the Russian economy have significantly decreased.

Making the investment environment more predictable and stable is, of course, our task, ”Putin said.

Earlier, the press secretary of the Russian leader Dmitry Peskov spoke about the impact of the COVID-19 pandemic on the Russian economy.

URA.RU reported that a professor at the Belozersky Institute of Moscow State University, Alexei Agranovsky, gave a forecast regarding a pandemic in Russia.