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The Head of state appealed to citizens asking them to observe the self-isolation mode of behavior and extended the non-working period until April 30. Alexey Vedev, Head of Financial Studies Department of the Gaidar Institute, ex-Deputy Minister of Economic Development, expressed his opinion to TASS on the amount of time and resources it will take for the economy to recover after a forced holiday.

Alexey Vedev, Head of Financial Studies Department of the Gaidar Institute, shared his thoughts with mk.ru on the need for more effective measures to provide support to small and medium business. Given the introduction of quarantine restrictions and the announcement by the President of non-working days, small and medium-sized businesses suffer great damage. Previous anti-crisis support measures are clearly not sufficient. The government discuss additional tools to support small and medium-sized businesses and consider the possibility of direct subsidies. However, according to Maxim Reshetnikov, Minister of Economic Development, this is a "very expensive" measure.

In connection with the COVID-19 pandemic, national governments, including Russia, are promptly taking measures to tax support their companies and individuals. A set of such measures includes delays in filing tax reports, rescheduling tax payments, suspending or simplifying tax audit procedures. International organizations conducting tax studies promptly issue advisory materials to support national tax systems. 

On April 1, Stepan Zemtsov, Senior Researcher of the Innovation Economics Department of the Gaidar Institute, told radio Sputnik how the population should adapt in times of crisis and which jobs they have to master.

Alexey Vedev, Head of Financial Studies Department of the Gaidar Institute for Economic Policy, shared his thoughts on the impact of the oil market decline under spread of coronavirus on households’ incomes.

On March 20, Board of Directors of the Bank of Russia decided to keep the key rate at 6% per annum. Evgeny Goryunov, Researcher of the Gaidar Institute, said in an interview to radio “Sputnik”that he approved the decision taken by the Central Bank to keep the rate of interest at previous level.

Aleksey Vedev, Doctor of Economic Sciences, Head of Financial Studies Department of the Gaidar Institute for Economic Policy, commented to Interesting Russia the Ruble devaluation against the COVID-19 outbreak and crash of the oil market.

Aleksey Vedev, Head of Financial Studies Department of the Gaidar Institute for Economic Policy, shared his expert ideas with TASS on the current situation in oil market and depreciation of Ruble. 

Currently, the coronavirus epidemic is in the focus of ​​special attention. The Government of the Russian Federation has promptly developed priority measures aimed at minimizing damage from the spread of the coronavirus pandemic and stabilizing the financial sustainability of the economy.

On March 16, Mikhail Mishustin, the Prime Minister, suggested a package of responses to the crisis caused by coronavirus pandemic in Russia at a strategy meeting involving Deputy Prime Ministers. This pandemic resulted in Ruble depreciation as well as losses for touristic industry and airlines. The Russian BBC service interviewed economists regarding the effectiveness of these measures. Among them was Aleksey Vedev, Head of Financial Studies Department of the Gaidar Institute, who shared his opinion.

On March 11, Aleksey Vedev, Doctor of economic sciences, Head of Financial Studies Department of the Gaidar Institute for Economic policy, shared his thoughts with IZ.ru about economic crisis in Estonia.

On March 12, Aleksey Vedev, Head of Financial Studies Department of the Gaidar Institute, gave a video-interview to Current Time editorial.
The situation largely reminds beginning of 2015. Ruble depreciation, high US Dollar and Euro will undoubtedly reduce growth rate of travelling abroad. This means a rise of prices for imported goods and an overall acceleration of inflation up to 10% per annum as well as rise in prices for Russian goods, maintenance of the trend, which lasted almost 6 years. This is a reduction of real disposable household incomes.

10 years passed since the official establishment of the alliance, however, no noticeable economic or political effect from the BRICS existence has been seen yet. Even BRICS supporters admit that this association is “not so evident” even today compared to “G7” or G20, which were established according to rather obvious indicators, i.e. 7 or 20 largest economies in the world. However, as Sergei Drobyshevsky, Scientific Director of the Gaidar Institute, noted in his comment to “Profile” weekly magazine, the “Alliance of Five” was established “very farsightedly,” with an eye to the future.

Aleksey Vedev, Head of Financial Studies Department of the Gaidar Institute, commented to IZ.ru on the potential reasons for reduction of long-term financial investments of business companies.

Aleksey Vedev, Doctor of economics, Head of Financial Studies Department of the Gaidar Institute, Ex-Deputy Minister of economic development, expressed his comments to Gazeta.ru due to criticism against Central Bank of the Russian Federation.

Alexey Vedev, Head of Financial Studies Department of the Gaidar Institute and former Deputy Minister of economic development, shared his views with The Christian Science Monitor on whether Russia, which has long been under severe economic constraints, can secure access to a more dynamic economy.