July 2, 2020 / 9:37 AM / a month ago

Russia considering $26 billion budget spending hike to fight virus, says PM

FILE PHOTO: Russian Prime Minister Mikhail Mishustin takes part in a video conference call with officials in Moscow, Russia May 25, 2020. Sputnik/Dmitry Astakhov/Pool via REUTERS

MOSCOW (Reuters) - Russian Prime Minister Mikhail Mishustin said on Thursday the government would consider increasing budget spending by 1.8 trillion roubles ($25.6 billion) to fight the coronavirus and support the economy.

Some economists have said Russia’s regulations surrounding budget spending have hindered its ability to adequately fund anti-crisis measures.

Reporting by Darya Korsunskaya; Writing by Gabrielle Tétrault-Farber; Editing by Edmund Blair

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