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Regional Economics: Theory and Practice
 

State support for small and medium-sized businesses of the Russian Federation to overcome the effects of sanction restrictions in 2022: Issues of application

Vol. 21, Iss. 1, JANUARY 2023

Received: 8 September 2022

Received in revised form: 17 October 2022

Accepted: 2 December 2022

Available online: 16 January 2023

Subject Heading: SOCIOECONOMIC POLICY

JEL Classification: F51, G18, G38

Pages: 35–61

https://doi.org/10.24891/re.21.1.35

Subject. This article discusses the development issues of small and medium-sized businesses in the context of large-scale sanctions against the Russian economy sectors, as well as individuals and legal entities.
Objectives. The article aims to define the role of the government to strengthen and improve the Russian economy in the context of sanction restrictions and overcome the consequences of the coronavirus pandemic.
Methods. For the study, I used general scientific research methods.
Results. Based on a comparative analysis of the financial indicators of the development of small and medium-sized businesses for 2021–2022, the article presents a preliminary assessment of the effectiveness of State support for small and medium-sized businesses in Russia in 2022.
Conclusions. Prompt response to the imposition of new sanctions is required at the legislative level.

Keywords: sanctions, small business, import substitution, government support, COVID-19

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