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How Moscow will help business struck by sanctions

Along with the federal support measures in the face of sanctions pressure, regional assistance is being provided, including in Moscow. The authorities of the capital announced a number of areas in which support will be provided to both businesses and the population. What specific measures can entrepreneurs count on, you can find here in our selection. Provision of business loans on a concessional basis Moscow has launched a program of concessional lending to businesses . It involves ...

Sanctions threaten Russian companies with technical default

... work of transport transport, banking, and oil sectors, as they are connected with the entrepreneurs or government bodies under sanctions. According to experts, both the position of a foreign bank acting as counterparty in financial transactions and the ... ... Bank's reserves. The further development of the situation will show to what extent this option will be acceptable for Russian business.

NFIA Analytics: Russian business is losing liquidity

... sanctions’ pressure on business turned out to be unexpected, despite the “covid” scenario, for which big business was relatively ready. According to NFIA estimates, only 16% of businessmen reported that they have not yet experienced the negative impact of sanctions on their business activities. At the same time, 7% of them represent medium-sized businesses, and about 22% have been operating for more than a decade.

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

... fare system could lead to bankruptcy of significant number of entrepreneurs. According to the NEOPresse media, gasoline prices have already exceeded € 2 per liter at gas stations in Germany. The cost of gas also doubled. This raises concerns among businessmen who fear corporate bankruptcies. The media quotes the words of Markus Jerger, head of the Federal Association of Medium Businesses (Bundesverband mittelständische Wirtschaft, BVMW). In his opinion, fuel prices have become an existential ...

Germany faces a wave of bankruptcies due to the refusal of Russian gas

The refusal of Russian gas could lead to a sharp increase in the number of bankruptcies in Germany. This will mostly affect small and medium-sized enterprises that do not have long-term contracts for the supply of natural gas. The attention to the problem was drawn by the German media Handelsblatt . The published material contains data from a survey in which more than 40,000 German entrepreneurs took part. Among them, only two percent indicated that they were provided with energy purchases for...

Zara and Bershka brands may return to Russia

... Federation in Ukraine. Then the management of Inditex explained its decision by the impossibility of guaranteeing the continuity of business operations in the country. At the same time, employees continued to receive wages. On February 24 this year, Vladimir ... ..., the EU, and a number of other countries sharply condemned Russia's actions, which led to the introduction of unprecedented sanctions.

Rostov restaurant chain "Eat and drink" no longer exists

A popular catering chain in Rostov-on-Don was liquidated by the decision of its owner. Business founder Vadim Kalinich announced the loss of prospects for developing the restaurant format. He believes that such a model of entrepreneurial activity, including the creation and sale of products, is archaic in the current conditions. The restaurant ...

Did not leave Russia: which foreign companies decided not to leave the market

Sanctions announced by various countries against the backdrop of a special military operation carried out by the Russian authorities forced many commercial organizations to leave the Russian market. However, not all well-known brands have made a decision ...

Six-month bankruptcy moratorium will be introduced in Russia

... the crisis and pay debts to creditors later." It is quite logical that legal entities will face financial problems due to sanctions. A temporary ban on creditors from filing for bankruptcy will not force firms into bankruptcy and will give them time ... ... the number of bankruptcies of legal entities by 1.5-2 times.” At the same time, those companies that are ready to close their business and declare themselves bankrupt will not need a moratorium and they will be able to refuse it. As for individuals, according ...

Will the Western corporations that have left Russia be driven to bankruptcy?

... bankruptcy of companies within 3 to 6 months. Finance Minister Anton Siluanov called such a bankruptcy mechanism accelerated. In an interview with a Russian state television channel, the finance minister said that the country is not interested in foreign business leaving Russia. This path is not beneficial to either side. However, if the company abandons its property and employees, it may be declared bankrupt, and then its property will be put up for auction and transferred to new owners. According to ...

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