Russia may pay a heavy price on both economic and political fronts if its slow response to the pandemic continues, according to experts
Vladimir Putin was preparing the country for a sweeping constitutional change, which aims to extend his rule until 2036 through an April referendum.
But even after it turned into a pandemic across the world and the first confirmed cases began emerging in Russia in late January, Moscow continued to be a laggard, as it prioritised economic concerns over public health, according to Yalinkilicli.
According to Yalinkilicli, Russia’s inadequate response has been reinforced by another trend, the major big drops in oil price as Russia wages an oil war with Saudi Arabia and other OPEC countries, making the leadership more concerned about economic prospects than a proper pandemic response. Before the border shutdown, Russia had a trade surplus with China, an economic luxury many countries including the superpower US could not have with Beijing, the world’s second biggest economy. Research conducted by the All-Russian Public Opinion Research Center an overwhelming majority of Russians, up to 84 percent, were worried about an economic crisis. Another 70 percent of Russians fear that the worst is yet to come.
“The only optimistic data, with which they could hide their failure, is their low fatality rates hovering around 0.9,” Yalinkilicli says.
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