Now the state should expand mechanisms for direct support of citizens and business in a pandemic coronavirus, said the Chairman of the Central Bank Elvira Nabiullina on videoconferencing for banking activities with the state Duma deputies. According to her, increase the burden on the banks is risky. “The danger is that if we continue to increase for banks the burden of supporting borrowers, could increase risks to the financial system, or banks can not increase lending. And if they can’t increase lending when the epidemic will go on recession, the economic recovery will be delayed,” said Mrs. Nabiullina (quoted by “Interfax”). Chairman of the state Duma Vyacheslav Volodin at the meeting asked TSB to explain why some countries directly distribute money to the population, but the results it brings. He cited the example of USA, where, in his opinion, “citizens give what they can not to help them.” “We have to explain. Because everyone can see that such decisions some countries are taking, why they are taking and why it is today the other way to go [right] would be including to explain to us, because such questions are us citizens asking,” said Volodin (quoted on the website of the state Duma). Elvira Nabiullina said that the Russian government provides targeted assistance, and she supports it. “And what said Vyacheslav Viktorovich, is very important. Still, our money is not unlimited, and it is important to come to those who are most affected, most vulnerable”, she said. The head of the Central Bank earlier said that the distribution of money to the entire population will lead to an explosion of inflation, and people will be so hard to buy. Previously, she also called it an extreme measure to be resorted to when other possibilities have been exhausted. Against the distribution of money to the public was made by the head of Sberbank German Gref. He also believes that it is better to provide targeted support. Read more about the position of the Central Bank — in the material “Kommersant FM” “, the Central Bank opposed the “coronavirus” benefits”.
