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September 8, 2021, 14:42

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Photo by M. Mishin. Press Service of the Mayor and the Moscow Government

The city takes decisions on the introduction of restrictive measures based on the latest data from doctors and economists.

Moscow resorts to a sparing regime of restrictions during the pandemic, which allows the city’s economy to develop, said Sergei Sobyanin during the plenary session of the Moscow Financial Forum.

“When we see a growing threat, we take local, targeted measures that allow us to level these processes and leave the peak of the incidence rate. We always make these decisions based on an assessment of the capabilities of our health care system – it must cope with the situation. When we see that there is a peak in morbidity and we are on the verge that the health care system will begin to collapse, we only then take restrictive measures, “said the Moscow Mayor.

This, on the one hand, guarantees every Muscovite medical care, and on the other hand, the economy continues to work for 90 percent. At the same time, the city constantly has to make decisions based on the data of doctors and economists.

“Doctors know well how to deal with a pandemic, what restrictive measures to introduce, how to cut off communication between people, infection and so on, but at the same time they do not know how to deal with finances and economics. And financiers and economists know very well how to develop the economy, support business, and so on. But they do not know how to treat and do not know what measures need to be taken today, this very minute, to prevent the spread of foci of morbidity, ”said Sergei Sobyanin.

Choosing between tough restrictions and preserving the economy, Moscow makes compromises to ensure the safety of people’s health without reducing the number of jobs and income. “And we are constantly striving to maintain a balance between these indicators,” the Moscow Mayor emphasized.

In turn, Russian Prime Minister Mikhail Mishustin added that it is too early to talk about the end of the pandemic and the country will continue to provide economic support to people and businesses. In particular, the moratorium on inspections of small and medium-sized businesses is being extended – it will remain in effect in 2022. “Our economy recovered already in June. The gross domestic product has reached pre-pandemic levels. In the future, of course, the coronavirus factor will have to be taken into account. It is too early to talk about victory over him. We will continue to fight for the lives and health of our citizens, ”he said.

During his speech, Sergei Sobyanin congratulated the employees of the financial industry on their professional holiday, which is celebrated on September 8. In Moscow, about 600 thousand people are employed in this area. “This is a holiday of people who determine not only macroeconomic stability, not only budget management, but also the management of major corporations, banks, insurance organizations and so on. So I would like to say thank you very much on behalf of the non-financiers, express my gratitude and congratulate you, ”added the Mayor of Moscow.

The key topic of the 5th Moscow Financial Forum, which takes place at the Manezh Central Exhibition Hall, is “Russian Economy and Financial Markets: Sustainable Development in a Changing World”. At the site, participants discuss the impact of the pandemic on the Russian and global economy, as well as methods to stimulate investment activity in the country.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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