COVID-19 in Russia: Central Bank Governor Nabiullina Talking About Savings, Duma Deputy Poklonskaya Warning About Guests

COVID-19 in Russia: Central Bank Governor Nabiullina Talking About Savings, Duma Deputy Poklonskaya Warning About Guests

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In fact, Elvira Nabiullina, head of the Central Bank of Russia, recommends saving to people who have no savings. This advice seems controversial, especially given the question that she was responding to. It concerned those who have almost nothing to save.

According to the most recent data, there are already 18,328 cases of the novel coronavirus in Russia. That is, the country confirmed 1,470 cases of COVID-19 within 24 hours since Sunday morning. In general, the situation remains under control more or less. It is Moscow City that accounts for the majority of cases and suffers the most from the virus. Meanwhile, the situation with the spread of coronavirus affects the lives of each and every Russian.

A gradual tightening of the quarantine measures continues. Until April 30, a period of “non-working” days has been introduced in the country. Moreover, the economy, which is faltering after the collapse of oil prices, is at risk of a meltdown. Meanwhile, the federal center claims that the funds accumulated in the National Welfare Fund are sufficient to maintain its stability for a long period.

At the same time, experts identify that COVID-19 peak has not yet been passed. This makes the residents prepare for possible problems. Against this background, not only physicians, but also a number of concerned officials and even State Duma deputies decided to come up with recommendations for the Russians.

“Do not Succumb to Emotional Impulses”

For example, Elvira Nabiullina decided to tell what people without savings should do in order to survive the crisis. She made these recommendations at a recent press conference where journalists made public disappointing results of surveys. According to them, almost 60% of the country's residents do not have any savings that would help them survive the crisis caused by the pandemic, the collapse of oil prices, the fall of the ruble and a number of other negative factors.

Nabiullina admitted the problem and agreed with the data.

“Many people really have small savings, and everyone's situation is different,” she said. “I only recommend not succumbing to emotional impulses. Your consumption should be balanced. The government is taking measures to help people live as calmly as possible at this time and then to come back to normal life.”

In fact, Elvira Nabiullina, head of the Central Bank of Russia, recommends saving to the people who have no savings. This advice seems controversial, especially given the question that she was responding to. It concerned those who have almost nothing to save.

As for people who have certain savings, Nabiullina advised them not to worry. According to her, money is not devaluing yet, and banks keep rates at the same level.

“The Central Bank is doing everything possible to ensure that people’s savings don’t lose their value,” she said. “However, people themselves should choose where to invest these funds. Notably, deposits remain one of the most attractive ways of investment of capital.”

“You Should not let Anyone in House”

Meanwhile, Natalia Poklonskaya, a State Duma deputy and the former prosecutor of the Crimea, drew the Russians’ attention to the quarantine measures and self-isolation. According to her, people should be as cautious as possible in treating “uninvited guests” during quarantine. Poklonskaya posted that appeal at her Telegram channel.

According to her, today, none other but common thieves might enter the houses of the Russians under the guise of medical workers or volunteers.

“Please, do not believe those who come to you in a protective suit and claim that they will disinfect your place against the virus,” says Poklonskaya. “Nor should you trust a postman too much who allegedly brought your pension or the same “social workers.” You should not let anyone into your house.”

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