Possible second wave of pandemic won’t be as bad to Russian economy

TASS Russian News Agency | Aug 13, 2020 at 7:44 PM

SEVASTOPOL, August 13. /TASS/. The Russian authorities have gained enough experience to deal with the negative consequences of the pandemic and its possible second wave won't be as bad to the national economy, Anatoly Aksakov, chairman of the State Duma Committee on the Financial Market, told TASS on Thursday.

State Duma is the lower house of the Russian parliament.

"The second wave will not be so bad in terms of consequences, since we have already learned how to deal with the pandemic <...>," Aksakov told the news agency at the Hospitality Industry forum in Sevastopol.

In his opinion, it will atke at least one year for the country to get over the economic consequences of the pandemic.

"If we talk about the economic consequences, they are more serious and require a regrouping of our entire economy: some funds were not received by those they were intended for, this created problems along the chain, and it takes quite a long time to restore it. It can happen only by 2022, "the official said.

The head of the State Duma committee also pointed out that Russia has recently registered the world's first vaccine against the novel coronavirus, so it has means of preventing the disease.

"We are ready to solve problems in terms of infrastructure, and doctors have gained experience - it is clear how to deal with this," he said.

In late December 2019, Chinese officials notified the World Health Organization (WHO) about the outbreak of a previously unknown pneumonia in the city of Wuhan, in central China. Since then, cases of the novel coronavirus - named COVID-19 by the WHO - have been reported in every corner of the globe, including Russia. On March 11, 2020, the WHO declared the coronavirus outbreak a pandemic.