Ukraine’s Foreign Intelligence Service (SZRU) has released a report indicating that Russia’s economy is experiencing a severe contraction, with the number of registered businesses plummeting to levels not seen since 2010. The report, issued on September 19, states that approximately 486,000 businesses have been lost. This decline is attributed to a combination of international sanctions, geopolitical tensions, and the ongoing impact of the war in Ukraine. The data highlights the challenges facing Russia’s business sector and its broader economic stability.
The drop in business registration marks a significant turning point for Russia’s economy, which has already been under strain from Western sanctions and the war in Ukraine. The SZRU report suggests that the economic downturn is accelerating, with many companies struggling to maintain operations due to limited access to international markets, reduced consumer demand, and a lack of investment. This has led to widespread layoffs and closures, further exacerbating the economic crisis.
Economists and analysts warn that the long-term implications of this decline could be severe, potentially leading to a sustained economic contraction and increased social unrest. As Russia continues to face mounting pressure from both internal and external sources, the situation remains a critical concern for policymakers and global stakeholders.