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Business activity of small and medium-sized enterprises in Russia in the context of sanctions

Author

Listed:
  • Barinova Vera

    (Gaidar Institute for Economic Policy)

  • Zemtsov Stepan

    (Gaidar Institute for Economic Policy)

  • Demidova Ksenia

    (Gaidar Institute for Economic Policy)

  • Levakov P.

    (Gaidar Institute for Economic Policy)

Abstract

2022 demonstrated intensification of sanction pressure on the Russian Federation. Consumer demand contracted against the backdrop of inflation coupled with the rising cost of borrowing, many entrepreneurs faced the risk of bankruptcy. Under pressure from unfriendly countries, many large foreign companies left Russia, and established supply chains were severed. The release of jobs, caused by the closure of a number of industries, created the preconditions for the development of forced entrepreneurship, mainly for people who lost their jobs. Small and medium-sized enterprises suffered both from the imposed restrictions and the ensuing decline in consumer demand, and therefore became one of the objects of the anti-crisis state policy.

Suggested Citation

  • Barinova Vera & Zemtsov Stepan & Demidova Ksenia & Levakov P., 2023. "Business activity of small and medium-sized enterprises in Russia in the context of sanctions," Published Papers ppaper-2023-1285, Gaidar Institute for Economic Policy, revised 2023.
    • Handle: RePEc:gai:ppaper:ppaper-2023-1285
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2023-1285.pdf
    File Function: Revised Version, 2023
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    More about this item

    Keywords

    Russian economy; small businesses; medium-sized enterprises; sanctions;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I19 - Health, Education, and Welfare - - Health - - - Other
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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