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Putin commented on the situation with coronavirus in Russia
Russian President Vladimir Putin said that in general, the situation with coronavirus in Russia is under control, everything necessary is being done to combat this disease. However, he noted that additional measures are needed to reduce the impact of the situation on the economy.
According to Putin, the negative consequences are already evident: in the PRC, business activity indices fell below the minimum values of the global crisis of 2008, global stock indices fell by more than 10%, the past week was the worst for global markets since the 2008 crisis.
Brent crude oil quotes dropped to $ 50 per barrel. The President noted that it is difficult to predict how long-term this trend will become, but one must be prepared for different scenarios of the development of events. According to Putin, the current level of oil prices is acceptable for the Russian budget, and the accumulated reserves are sufficient to ensure a stable situation and fulfill all budgetary and social obligations.