Most Russian companies face huge losses due to virus lockdown & have difficulty getting government aid ...United Arab Emirates

More than four million Russian businesses saw their revenues falling by a third due to the coronavirus outbreak and measures to contain it, according to a report submitted to President Vladimir Putin. This is nearly 67 percent of the total of over six million small and medium-sized enterprises, large companies and individual entrepreneurs working in the country, Russia’s business ombudsman, Boris Titov, said in his report on Thursday. According to the survey cited in the document, more than half of firms called the situation they’re facing a “crisis” and “catastrophe,” while six in ten said their chances of survival are below fifty pe

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Most Russian companies face huge losses due to virus lockdown & have difficulty getting government aid ...United Arab Emirates

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