Pandemic coronavirus caused a huge impact on the world economy, it began a global recession. This was stated by the President of Russia Vladimir Putin during a video message to the citizens of the country.

“the Epidemic has dealt a severe blow to the global economy. Trade, business ties seemed to hit the wall of quarantines and restrictions. In fact, the beginning of a global recession, global recession,” stated the head of state.

According to him, the depth of the crisis has yet to be determined, but one of the most urgent problems was unemployment. This problem also affected Russia, but our country managed to avoid “dramatic leap”.

According to Putin, in the world, a new reality: “the processes of globalization and integration are difficult tests, and the leading countries make the choice in favor of technological-industrial autonomy, with the understanding that in matters of security and development now, in this situation, it is possible to rely primarily on themselves.”

As reported by “Rambler” in a video message, the President announced new measures to support businesses and individuals: extend the period of payment of benefits, the expansion of the program of preferential mortgage, concessional loans for the victims of the pandemic, companies, etc.