Russia’s Small Businesses Are Suffering Despite Easing of Coronavirus Restrictions

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(The Moscow Times)

One in ten firms is preparing to close, warns the Kremlin’s business envoy.

Businesses in Russia are still reeling from the effects of the pandemic, a new government survey has shown, with a significant chunk preparing to close their doors or start bankruptcy proceedings.

One in every ten small and medium-sized businesses are already preparing to shut down, according to a survey of around 5,000 of the enterprises conducted by Russia’s business ombudsman Boris Titov, cited by the RBC news site.

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