Wartime economy squeezes small businesses
Hello! This week we analyze a heap of data that shows it is Russia’s smallest businesses that are bearing the brunt of the economic crisis and the raft of internet restrictions.
Between taxes and blackouts
“2026 will not be an easy year for Russian business,” warned Alexander Shokhin, the head of the Russian Union of Industrialists and Entrepreneurs at the start of the year. Even then, it was clear that the clouds gathering over small and medium-sized businesses were unlike anything Russia has seen since it first invaded Ukraine. Businesses face:
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