Russia’s COVID-19 Economic Plan, Vote on Constitution: Key Takeaways From President Putin’s Speech

President Vladimir Putin spoke in a televised address on Wednesday to apprise Russians of the government’s coronavirus response and measures to be adopted to help deal with the pandemic, as travel restrictions, quarantine for those infected with the COVID-19 virus, and vaccine testing are put in place.

Nationwide Week-off & Delay to Vote on Constitutional Amendments

The Russian President announced a postponement of the impending national vote on proposed amendments to the constitution amid the spreading coronavirus epidemic. The vote, set for 22 April, shall be rescheduled for a later date, depending on the dynamics of the spread of COVID-19 and efficacy of measures to curb it.

The health and safety of the Russian population are a priority, emphasized the Russian President.

The President announced the following work week from 28 March to 5 April will be a paid holiday in the country, while offering assurances that this would not affect the routine functioning of all essential services, including transport, stores, banks, pharmacies, and medical institutions. These measures are imperative to slow down the spread of the novel respiratory disease, stressed Putin, adding:

“Take my word for it, the safest place for you to be right now is at home.”

15% Tax on Dividends, Interest Taken Out of Russia

Another measure to be introduced is a suggested 15 per cent hike on tax dividends and interest transferred out of the country by large companies and their owners. The current…

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