NEWS

On April 22, Tatarstan President Rustam Minnikhanov took part in a videoconference of the Presidium of the Coordination Council under Russian Government to combat the spread of new coronavirus infection in Russia held by Russian Prime Minister Mikhail Mishustin.

Russia's GDP will decrease by 3.3% this year, in 2021, GDP will grow by 2.5%, according to a report by the International rating agency Fitch.

On April 20, at the Government House of the republic, Tatarstan President Rustam Minnikhanov chaired a regular board meeting of Tatneft Oil Company, to sum up the results of the company's budget execution for the first quarter of the current year and to approve budget amounts for May of 2020.

Russian President Vladimir Putin has suggested that 200 billion rubles be allocated to regions to balance their budgets.

The real effective ruble exchange rate (for currencies of major trading partners of the Russian Federation adjusted for inflation) in March of 2020 decreased by 11,4% , according to the materials of the CBR.

On April 11, speaking at the Government House of the republic at a regional video-conference held by Tatarstan President Rustam Minnikhanov with participation of Prime Minister of the republic Aleksey Pesoshin, Regional Minister of Construction, Architecture, Housing and Utilities Farit Hanifov reported that as of April 10, 2020, as many as 839,1 thousand square meters of housing commissioned in Tatarstan.

The Russian government had adopted a list of measures for the sustainable development of the country's economy in the spread of coronavirus. The relevant resolution of cabinet was published on Monday on the government website.

Notwithstanding the decline in revenue the Russian Government is not going to reduce budget expenditures, Minister of Economic Development Maxim Reshetnikov said.

On April 4, speaking at the Government House of the republic at a regional video-conference held by Tatarstan President Rustam Minnikhanov with participation of Prime Minister of the republic Aleksey Pesoshin, First Deputy Minister of Construction, Architecture, Housing and Utilities of the Russian Federation Irek Faizullin and all regions of the republic, Minister of Construction, Architecture, Housing and Utilities of the republic Farit Khanifov reported on the implementation capital repair programme of multi-apartment houses and the programmes of Gas supply Foundation of Tatarstan.

The financial system and banks of Russia have arrived to the current situation in good condition, they have the possibility to go through it calmly, said the head of the Bank of Russia Elvira Nabiullina at a press conference on Friday.