The rapid growth of Russia foreign trade

According to our estimates bas on statistics for 9 months of 2022. With a decline in Russia’s real GDP of only 2.7%, this means that small and mium-siz businesses have suffer particularly hard. First of all, this was facilitat by the high concentration of SMEs in the most affect sectors of the economy (retail trade and services).  a set of financial (subsidies, grants, concessional loans), social (ucational programs, staff development), infrastructure (platforms for SME procurement, IT company registries) measures, as well as by rucing the administrative burden. About 80% of SMEs do not benefit from government support measures for various reasons, according to our 2022 small business survey.

The state supports SMEs through

Since 2019, the number of employees in small and New Zealand Phone Numbers List mium-siz businesses in the Russian Feration has remain virtually unchang and at the beginning of 2023 is at the level of 15.2 million people. (excluding individual entrepreneurs), or 20% of all employ in the economy. This is well below the US and EU, where the figure is around 46% and 64% of all employ in 2022. However, the category of self-employ, which is very popular, remains outside these statistics in the Russian Feration. Since the introduction of this tax regime in 2019, the number of self-employ people has almost doubl annually and has already reach 6.5 million people in 2022.

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The complexity of logistics and sanctions risks

Many foreign-orient SMEs are likely to move to friendly USA CFO countries and arrange logistics on behalf of a company outside the Russian Feration, instead of trying to enter foreign markets on behalf of a Russian company. turnover with friendly countries since the second half of 2022 shows that this process is already underway and so far suits all parties. At the same time will limit the competitiveness of such SMEs in new markets. In the interaction between SMEs and large businesses. then there are many steps, and there is not enough energy for the transition.

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