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Rusnano chief estimates coronavirus losses at trillions of rubles

The Russian economy has been hit hard by the coronavirus pandemic, with losses measuring in the trillions, head of Rusnano Anatoly Chubais told Rossiya 1 TV channel.

He believes losses will reach trillions of rubles, not even hundreds of billions. In such circumstances, it would be wrong to just give out money, Anatoly Chubais emphasized. Targeted payments must be made – only to vulnerable groups that really need them.

Chubais added that the Russian budget system is well protected and that Russia has a stabilization fund. Although this policy has been criticized so much, now it is going to save Russians from unemployment.

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