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Referring to bailouts mandated by the European Union when some of its members found themselves in trouble during the last financial crash, he pointed out that Russia has to look after itself. “Well, in [the] Europe[ean Union] there is a seemingly strict, but still a kind aunt, whom you can always turn to for help,” he said, half-jokingly. “You know who I mean – Germany.”
“We have no one to go to with an outstretched hand, so we must adhere to the rules that have allowed us to maintain a healthy macroeconomic situation in the country over the previous years, and especially in order to ensure that the confidence of our partners, including private investors, in the fundamental foundations of the healthy development of the Russian economy [is maintained],” Putin noted.
As of Thursday, Russia has registered 1,581,693 cases of Covid-19, with 27,301 deaths attributed to the pandemic. Overall, the country has the fourth highest number of cases worldwide, after Brazil, India, and the US. However, when measured per capita, Russia’s caseload is close to the European average.
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