Page 67 - RusRPTSept22

which Sberbank CIB attributed mainly to the withdrawal of foreign partners from joint projects and the sanctions imposed on the high-tech sector.
“Overall, the 2Q22 results were very good, demonstrating the resilience of the Russian economy. The solid profit growth provides hope for a revival in corporate investment, which could facilitate the transformation of the... economy,” the analysts argue.
The number of small and medium-sized enterprises (SMEs) in Russia has reached a pre-war level of 5.7mn, according to Auditor at Russia’s Accounts Chamber Danil Shilkov, reports TASS.
Many international companies have suspended their operations but most are in “wait and see” mode. Yale estimates some 300 have actually left. The Kyiv Economics School, which had a bigger sample, estimates only 40 have actually completed their exit.
67 RUSSIA Country Report September 2022 www.intellinews.com