Business activity of small and medium-sized enterprises in Russia in the context of sanctions

Vera Barinova, Stepan Zemtsov, Ksenia Demidova and Pavel Levakov ()
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Ksenia Demidova: Gaidar Institute for Economic Policy

Published Papers from Gaidar Institute for Economic Policy

Abstract: 2022 demonstrated intensification of sanction pressure on the Russian Federation. Consumer demand contracted against the backdrop of inflation coupled with the rising cost of borrowing, many entrepreneurs faced the risk of bankruptcy. Under pressure from unfriendly countries, many large foreign companies left Russia, and established supply chains were severed. The release of jobs, caused by the closure of a number of industries, created the preconditions for the development of forced entrepreneurship, mainly for people who lost their jobs. Small and medium-sized enterprises suffered both from the imposed restrictions and the ensuing decline in consumer demand, and therefore became one of the objects of the anti-crisis state policy.

Keywords: Russian economy; small businesses; medium-sized enterprises; sanctions (search for similar items in EconPapers)
JEL-codes: C53 E37 I18 I19 L21 L52 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2023, Revised 2023
New Economics Papers: this item is included in nep-cis and nep-sbm
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2023-1285.pdf Revised Version, 2023 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2023-1285

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