Estimated impact of a pandemic on the economy of the CIS

Prime Minister of the Russian Federation Mikhail Mishustin noted that the pandemic coronavirus infection COVID-19 has a negative impact on the economy of the CIS countries. He stated this today at the meeting of heads of government of Commonwealth countries.

“the Spread of coronavirus infection has a negative impact on the economy of the CIS countries, of course, in these conditions the special importance is the growth of cooperation in trade-economic sphere. With the aim of overcoming the consequences of the coronavirus should intensify efforts to eliminate trade barriers and restrictions… the deepening of cooperation in transport”, — quotes RIA “news” mishustina.

He also called for concrete steps to enhance economic integration in the CIS. “To ensure the sustainability of economic performance in the future, of course, necessary concrete steps to enhance economic integration”, — says the Russian Prime Minister.

in addition, Mishustin considers it necessary to reduce the dependence of CIS countries on the situation of energy markets, since “the sharp decline in oil prices has affected many sectors of our economies.”

Recall that the outbreak of pneumonia caused by a coronavirus infection (COVID-2019), was formally recorded in December 2019 in the Chinese city of Wuhan. March 11, 2020, the world health organization (who) officially recognized the situation with coronavirus pandemic. To date, cases of infection were recorded in almost 200 countries and regions of the world. In General, the number of infected COVID-2019 in the world exceeded 5,6 million people died more than 360 thousand people. The pandemic has had devastating effects on the world economy. Under the powerful kick hit many industries, including transport, tourism, hospitality, automotive, construction, retail, and entertainment.

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