RUSSIAN ECONOMY COULD BENEFIT UPTO 30 BILLION THIS YEAR

  • 23/10/2020

Russia’s economy could benefit by up to $30 billion this year from Russians spending their roubles at home rather than on international holidays, economists say.The estimates are a rare piece of good news for an economy battered by low global oil prices as well as coronavirus lockdowns. Russia ran a budget deficit of about $23 billion in the first nine months of this year.
As in many other countries, foreign tourists stayed away in droves in 2020. But far fewer Russians travelled overseas than usual, because the country closed its borders in March. The outflow in some cases fell by as much as 80 per cent.

Related News

Israel PM reaffirms his plan to attack Rafah with ground for ...
  • 12/03/2024
Pakistan ex-PM Imran Khan jailed for 10 years
  • 30/01/2024
ICJ orders Israel to stop genocide acts in Gaza
  • 26/01/2024
Iran bomb blast: More than 100 killed
  • 03/01/2024
Russia-Ukraine war: 14 killed in Russia’s Belgorod in shelli ...
  • 30/12/2023
Russia-Ukraine war: Biggest aerial attack on Ukraine cities
  • 30/12/2023
South Africa launches genocide case against Israel at UN Cou ...
  • 30/12/2023
Pakistan PM declares prohibition on New Year festivities
  • 30/12/2023
Health Ministry of Gaza: 20,057 people dead
  • 22/12/2023
Gaza Health Ministry: Over 15,500 killed in Gaza
  • 09/12/2023
14 dead in a fire at university dormitory in Iraq
  • 08/12/2023
Mount Merapi eruption: 11 hikers dead
  • 04/12/2023