Small and medium-sized enterprises in Russia in the context of sanctions

Vera Barinova, Margarita Gvozdeva and Stepan Zemtsov
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Margarita Gvozdeva: RANEPA

Published Papers from Gaidar Institute for Economic Policy

Abstract: The 2022 sanctions crisis has led to a number of structural changes in the Russian economy: the severance of long-standing partnerships with companies from unfriendly countries;2 destruction of supply chains; restriction of imports of materials, components and technologies, some of which have no analogues in friendly countries; complication of financial transactions, etc.3 However, already in 2023, the Russian economy demonstrated positive dynamics (growth of household incomes and investment), which contributed to the improvement of the situation in the SME sector, as the demand for their goods and services, particularly in the hospitality, trade and entertainment sectors, was growing.

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: 8 pages
Date: 2024, Revised 2024
New Economics Papers: this item is included in nep-cis and nep-int
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2024-1330.pdf Revised Version, 2024 (application/pdf)

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