Russia’s economy needs about a trillion rubles, or roughly $12.7 billion a month over the next few months to emerge stable from the coronavirus pandemic and the oil price crash Russia’s economy needs about a trillion rubles, or roughly $12.7 billion a month over the next few months to emerge stable from the coronavirus pandemic and the oil price crash, the chairman of a business organization told TASS. “The way I see it implies that we should maintain GDP and spend several trillion rubles to stabilize the [economic] situation. For now, we can talk of about one trillion rubles a month,” Alexey Repik, chairman of Business Russia, told the news agency in an interview. He added, however, that Russia’s debt load is much smaller than that of other economies, so recovery should be relatively smooth. Russia’s debt to GDP ration is indeed among the lowest in the world, at […]