Coronavirus may result in substantial shortfalls to the state budget, according to Finance Minister Anton Siluanov.
The minister noted that COVID-19 is already affecting the economy at all levels, Regnum reports. Siluanov stressed that this impact has spread outside the oil and gas industry to all the other sectors of the Russian economy.
One of the serious risks posed by the pandemic is insufficient tax revenue, Anton Siluanov revealed. The country may also lose other oil and gas revenue, with the total losses amounting to RUR 1 trln ($13.5 bln).