Politics

Russia introduces stimulus plan to revive economy

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Mikhail Mishustin

Russian Prime Minister Mikhail Mishustin said on Tuesday that Russia’s economic stimulus plan to help the economy recover after the coronavirus outbreak and lockdown would cost Russia around 5 trillion roubles ($72.75 billion) over the next two years, according to Reuters. 

Speaking to President Vladimir Putin at a televised government meeting, Mishustin also said the plan would require changes to a spending plan announced by Putin before the crisis.

The plan covers three stages: stabilization (until late 2020), recovery (until the second quarter of 2021), and growth (until the fourth quarter of 2021), Mishustin said.

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