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Corona-circus updates: Putin grants govt emergency powers if Covid-19 worsens, global stocks dive again, Germany extends lockdown

Corona-circus updates: Putin grants govt emergency powers if Covid-19 worsens, global stocks dive again, Germany extends lockdown

Russian President Vladimir Putin has signed a law allowing the government to declare a nationwide emergency should the current efforts not be enough to keep the situation with coronavirus, also known as Covid-19, under control. In a case of emergency, the government would be able to directly control all medical goods and drugs trade within a special response system as well as introduce stricter quarantine measures. It would also be able to temporarily freeze all potential bankruptcy cases. The new legislation also separately introduces additional measures to support Russia’s tourism industry. Most of the country has already imposed some form of lockdown anyway. Residents of Moscow, where more than a half of all confirmed coronavirus cases are registered, have to comply with a strict home-isolation regime.
Source: Corona-circus updates: Putin grants govt emergency powers if Covid-19 worsens, global stocks dive again, Germany extends lockdown

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