Catch up on the latest pandemic-related financial insights from Breakingviews, featuring Russia’s revenue hunt to Britain’s empty trains
A Thameslink train arrives at Harpenden Station, following the outbreak of the coronavirus disease , Harpenden, Britain, May 18, 2020.FLYING LOW. Indian airlines are seeking interest-free credit of at least $1.5 billion from the government to help them cope with the loss of business revenue. Their list of asks is long, and some echo requests made before the pandemic.
LOOSE KOPEKS. Russian Finance Minister Anton Siluanov is looking down the back of the sofa after Covid-19 and low oil prices put the country’s public finances into the red. Moscow is considering raising taxes on metals and fertiliser extraction, tobacco sales and the oil industry to bring in around 340 billion roubles . The measures will bring in the equivalent of around 12% of the projected budget deficit in 2021.
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