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Sunday, September 25, 2022
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About 77 percent of Russian companies have already adapted to the sanctions or hope to do so

Most Russian companies have already adapted to work under sanctions or hope to achieve such a result in the near future. This is stated in the “Monitoring of the current state of business in Russia”, prepared by the office of the Commissioner for the Protection of the Rights of Entrepreneurs Boris Titov and the Stolypin Institute for the Economics of Growth. Managers and owners of 6003 companies from 85 regions of Russia were involved.

International sanctions affected the majority (86.8% of respondents) of Russian companies. Of this number, 77.4% have either already adapted to work in the new conditions, or hope to adapt to the sanctions. However, 11.7% of companies failed to do this and are forced to completely or partially stop the business. At the same time, 34.7% rated the government’s actions to support business positively, as calm and effective, while more than half (56.4%) assess them as insufficient.

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