Russian President Vladimir Putin addresses the nation over the coronavirus outbreak at the Novo-Ogaryovo residence outside Moscow on March 25 2020. Picture: AFP/SPUTNIK/ALEXEY DRUZHININ
Russian President Vladimir Putin addresses the nation over the coronavirus outbreak at the Novo-Ogaryovo residence outside Moscow on March 25 2020. Picture: AFP/SPUTNIK/ALEXEY DRUZHININ

Moscow — President Vladimir Putin postponed a planned public vote on constitutional changes in April that would allow him to rule to 2036, as the country attempts to stem the spread of the coronavirus.

“We must understand that Russia, simply due to its geographical position, cannot isolate itself from the threat,” Putin said in a televised address Wednesday. “The absolute priority for us is the health, wellbeing and safety of the people. Therefore, I believe that the vote should be postponed to a later date.”

He announced next week would be nonworking in a bid to reduce contagion, though said workers would still be paid and transport and other essential services would continue to function. “The safest thing right now is to stay home,” he said.

Putin also announced a raft of benefits for individuals and companies aimed at easing the economic impact, as well as increased taxes for companies moving profits offshore and the wealthy.

No Lockdown

The extra week off fell short of the sweeping lockdown that some medical professionals have called for in the capital. Though Russia’s totals remain well below those in some big European countries, its reported coronavirus cases jumped by a third over the past day to 658. Moscow mayor Sergei Sobyanin told Putin on Tuesday that the official numbers did not reflect the “full picture” given a lack of testing.

Authorities have closed the borders to foreigners and restricted international flights, shut schools, closed some public venues and confined elderly people to their homes in Moscow. While the government so far has ruled out a lockdown in the capital, state news service RIA Novosti reported on Sunday that the government was leaning toward imposing stricter quarantine measures, citing an unidentified official.

On Wednesday, Putin ordered the military to conduct checks of its readiness to help with virus-containment efforts, the defence ministry said.

Russia’s economy could slide into recession this year as it’s set to suffer a double shock from the fallout from coronavirus and Putin’s break with the Opec oil cartel over efforts to control output, which has sent crude prices into a tailspin.

The rouble held losses during Putin’s speech, trading down 1% on Wednesday at 79.0325, extending the drop in 2020 to nearly 22%.

Constitutional overhaul

Putin has rushed through the amendments to the constitution and promised Russians the final say, but the vote scheduled for April 22 will now be held at a date to be determined later.

The delay to the vote slows the momentum behind a vital initiative for Putin, who has put his weight behind a move that would allow him two more six-year presidential terms once his current mandate ends in 2024. Prior to March, the Russian leader had repeatedly ruled out changes that would allow him to remain president.

“The majority of people don’t care about the vote,” said Yekaterina Schulmann, a political analyst. “This was a supportive speech without any new repressive innovations.”

Russian consumers have been buying up supplies such as buckwheat and canned meat amid growing alarm about the spread of coronavirus, spurring the highest weekly price growth since early January.

Bloomberg