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BUSINESS OF RUSSIAN FUNERAL SERVICES IS ON THE VERGE OF BANKRUPTCY

... increase in mortality in Russia during the COVID-19 pandemic, which is recorded by official statistics, inevitably should have increased the revenues of ritual agencies. However, it turned out that Russians are in no hurry to raise their expenses for funeral services. Moreover, the representatives of the ritual business are talking about possible bankruptcy of their enterprises. The main reasons are the savings of citizens on memorial and other services, fear of infection, the departure of a significant part of the business to the ‘gray’ zone and a general decrease in the level of income. Anton ...

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