The economy and we are flying with it to tartarars: about support for the development of the Russian Federation

Doctor of Economic Sciences Nikita Krichevsky commented on his Internet resources on the content of the package of support measures announced by the Russian government and the Central Bank of the Russian Federation to minimize the effects of coronavirus and volatility in markets on the Russian economy. As it is in the spirit of our creators of economic policy first to declare what difficult situation the country has got into, and then to show that in general they are not going to do anything large-scale in connection with it. The economy and we fly with it to tartararies (to the underground kingdom of the dead), and we only have to record what could be done at every stage of the fall, the expert notes. Also, Nikita Krichevsky again publishes what he believes would be really meaningful support measures: And here is what could be done for the corporate sector (tourism, air transport, construction and repair), based on China's example: All companies are exempt from insurance premiums for 5 months (in Hubei Province, where the epidemic has developed, from all types of premiums, in the rest of the provinces, from a large part of premiums); Small and medium-sized companies in etc. Hubei is exempt from VAT for 3 months, in other provinces VAT for these companies is reduced from 3% to 1%; Small and medium-sized companies in China received six months 'deferred loan payments; Systemically important enterprises are given cheap loans under the joint program of the Government and the People's Bank of China. In summary, Nikita Krichevsky says that he has no answer to the question why this is not done in Russia. As the news agency has already reported, earlier the press service of the Central Bank of the Russian Federation informed about measures to ensure the sustainability of economic development. The official document published on the official website of the regulator, in particular, states that the Government and the Bank of Russia introduce a package of support measures to minimize the consequences of these factors for the population and the economy. It is proposed to counter the negative consequences for fiscal and economic policy by means of liquidity instruments, as well as measures in the sphere of banking and financial regulation in general.