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activity in the Russian economy caused by plummeting external demand amid the coronavirus pandemic. Industrial output shrank, primarily due to a reduction in mining production

this way because the country needs really large-scale measures to combat the coronavirus pandemic. We will be adjusting our estimates, but I would like to

the progress of the measures aimed at mitigating the impact of the coronavirus pandemic on Russia’s financial sector, economy and people. The broadcast of

these telephone surveys provide important up- because of the spread of the coronavirus to-date information on Russians’ perception of infection. In order to monitor inflation

taking into account the measures implemented to curb the spread of the coronavirus infection and pursuant to Federal Law1 No. 115-FZ, dated 7 April 2020,

global and Russian financial markets caused by the continuing spread of the coronavirus infection and the termination of the OPEC+ agreement limiting oil production. • Market

dynamics in the bond market. However, in March 2020, due to the coronavirus pandemic and the slump in oil prices, the situation in stock markets

of the Replies of businesses to the question: «How has the coronavirus situation coronavirus pandemic and affected your company over the past week?» the restrictive

RUSSIA’S ECONOMIC OUTLOOK AND MONETARY POLICY MARCH 2020 2 Coronavirus (COVID-19) and oil prices In February — March, the Number of active* COVID-19 cases in

in the Russian Federation in Connection with the Spread of the Novel Coronavirus Infection (COVID-19)’, the mode of non-work days from 6 through 8 May