20 March 2025
In February, the Russian Small Business Index (RSBI) measuring the activity of small and medium-sized companies in Russia fell to 51.7 points, the lowest level since early 2023.
Source: The Moscow Times
Details: Businesses have been particularly affected by declining sales, with the corresponding index dropping to 44 points, a two-year low. Nearly half (47%) of companies reported a decrease in revenue, compared to 38% in January.
Small businesses and trading companies have been hit the hardest, with more than 50% of respondents reporting falling income.
Banks have also become less willing to provide loans to entrepreneurs. The demand for financing among small businesses has dropped to a record-low 27%, while only 20% of applicants receive loan approvals. The Russian Central Bank attributes this to high interest rates and a reduction in preferential lending.
Background:
- The Russian airline Kosmos, owned by the Russian Defence Ministry, has suspended its operator certificate and may face bankruptcy.
- Since the beginning of the year, road freight transportation volumes in Russia have decreased by one-third.
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https://www.pravda.com.ua/eng/news/2025/03/20/7503794
How long would the mafia economy take to get to prewar level? I’d wager, a very long time.
How to destroy an economy in 3 years. I hope all the russians are very happy as they travel back in time.
Outwardly, they are not worried, inwardly, they are desperate.
I wonder how long the orange crook will take to ruin our economy.