Assessments

Russia's COVID-19 Measures Short-Change Its Economy

Apr 20, 2020 | 10:00 GMT
A woman wearing a protective mask carries a grocery bag in Dedovsk, Russia, on April 16, 2020. To contain the COVID-19 outbreak, Russian President Vladimir Putin recently extended the government’s national stay-at-home order until May.

A woman wearing a protective mask carries a grocery bag in Dedovsk, Russia, on April 16, 2020. To contain the COVID-19 outbreak, Russian President Vladimir Putin recently extended the government’s national stay-at-home order until May.

(Mikhail Svetlov/Getty Images)

Despite the likely dire economic impact of the COVID-19 pandemic, the Russian government has continued to resist significant stimulus spending, which has resulted in limited support measures that are unlikely to protect all of Russia’s businesses. This will ultimately hamper Russia’s long-term economic recovery -- a self-inflicted wound as a result of Moscow’s unwillingness to change its conservative spending practices, even in the face of a historic global crisis. ...

For Serious People Who Seek Intelligence Over News

Subscribe & Save 50% today!

12-Month Introductory Offer

  • High quality, unbiased analysis of global events
  • Quarterly, annual, and decade geopolitical forecasts
  • Customized notifications, newsletters, and much more

Preview Some FREE Worldview Articles Below:

Free Coronavirus Articles

Free Geopolitical Articles

Connected Content

Regions & Countries

Article Search

Copyright © Stratfor Enterprises, LLC. All rights reserved.

Stratfor Worldview

OUR COMMITMENT

To empower members to confidently understand and navigate a continuously changing and complex global environment.