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Putin Adresses Nation On COVID-19, Vows To Protect Russian Economy And Combat Capital Outflow

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Putin Adresses Nation On COVID-19, Vows To Protect Russian Economy And Combat Capital Outflow

Vladimir Putin. IMAGE: RIA Novosti

On March 25, Russian President Vladimir Putin delivered a televised address to the nation adressing coronavirus (COVID-19) concerns and the decline of the global economy.

The President announced a number of economic and social measures needed to contain the COVID-19 outbreak and stimulate the social and economic sphere amid the global crisis. He also announced that the referendum on the constitutional reform planned for April will be postponed.

A special attention was paid to the measures needed against financial speculations and outflow of the capital in the current conditions. In particular, Putin proposed to increase the tax on the withdrawal of dividends to foreign accounts from 2% to 15%. He emphsized that Russia will withdraw from international organizations that would oppose this approach.

Amid the global COVID-19 outbreak, Russia remains one of the most protected countries around the world with 469 cases only and a strong healthcare prepared to contain the pandemic. Additionally, Russia is actively providing assistance to the most affected countries. Just recently, the Russian Defense Ministry deployed a COVID-19 response team to Italy and medical equipment and specialists continue arriving.

Putin Adresses Nation On COVID-19, Vows To Protect Russian Economy And Combat Capital Outflow

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