Russia to Spend $9 Billion to Rebuild Supply Chains, Prime Minister Says

Russian Prime Minister Mikhail Mishustin chairs a meeting on improving Russia's economic resilience amid the sanctions, in Moscow, Russia, on March 11, 2022. Alexander Astafyev/Sputnik/Pool via Reuters

Russia plans to spend 1 trillion roubles ($9 billion) on so-called anti-crisis measures, Prime Minister Mikhail Mishustin said on Tuesday, as the government tries to partially offset the impact of fresh western sanctions.

The plan includes more than 100 proposals and is to be updated, Mishustin said, to rebuild production and supply chains.

($1 = 110.5070 roubles)