The Chairman of the Central Bank of Russia Elvira Nabiullina announced on Friday, June 11, that large-scale vaccination against COVID-19 will have a positive impact on economic growth.
“As for the contribution of vaccination to GDP growth, vaccination creates herd immunity and, of course, will have a positive impact on GDP. First, the remaining restrictions that exist in a number of sectors, including the service sector, can be removed, ”she said at a press conference.
Nabiullina also noted that vaccination will avoid new restrictions in the economy. She clarified that vaccinations are absolutely necessary in order to create herd immunity.
“And investors will have more confidence in the Russian economy, both Russian and foreign, if such a collective immunity is – this increases the investment attractiveness,” concluded the head of the regulator.
Nabiullina also said that the growth rate of lending in the country remains high, the volume of mortgages is growing by more than 25% in annual terms.
On June 10, Russian President Vladimir Putin announced that all the consequences of the COVID-19 pandemic have not yet been overcome, but the economy is recovering. The head of state noted that the fight against coronavirus infection continues.
Currently, a large-scale vaccination against COVID-19 is underway in Russia, it began on January 18. The vaccination is given free of charge to everyone on a voluntary basis. At the moment, four drugs for coronavirus are registered in the country: Sputnik V, Sputnik Light, EpiVacCorona and KoviVak.
All relevant information on the situation with the coronavirus is available on the websites of stopcoronavirus.rf and access vsem.rf, as well as by the hashtag #WeVotte. Coronavirus hotline: 8 (800) 2000-112.