Russian inflation hits small businesses especially hard

Russian inflation hits small businesses especially hard

Russian small businesses are struggling as inflation rates continue to rise, making it difficult for them to maintain their operations and pricing. The weakening ruble and increasing costs are putting a strain on their finances.

Many small businesses are forced to raise prices, which can turn away customers and negatively impact their bottom line. Some are also facing challenges in sourcing affordable raw materials and supplies, further adding to their financial woes.

The government needs to address these issues and provide support to small businesses to help them navigate through these challenging times.