Russia: Foreign exchange reserves, macroeconomic stability help to cope with COVID-19 downturn — PM Mishustin

Russia remains financially stable with strong foreign currency reserves despite the economic downturn caused by COVID-19, Prime Minister Mikhail Mishustin stated in an interview with the Russia-24 broadcaster in Moscow on Thursday. «I believe that the National Wealth Fund will certainly reach no less than 8 trillion rubles by the end of the year,» said the PM, adding that Russia's foreign exchange reserves currently exceed $570 billion (€491bn). He said that the second wave of COVID-19 can be avoided if Russians «follow the recommendations given by Rospotrebnadzor and doctors,» also noting the decline of coronavirus cases across the country. The prime minister went on to talk about the constitutional amendments, stating «they just consolidated the priorities that the majority of our population confirmed by voting for these amendments,» adding that the government's job was now to implement these goals.

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