The high cost of lending creates problems in the development of Russian industry. This was reported by “Kommersant” Citing a study by the Institute of Economic Forecasting of the Russian Academy of Sciences.
According to a preprint of a paper prepared by the institute, 60 percent of Russian businesses consider themselves to be suffering from sanctions, including limited access to financial resources.
It is stated that businesses mostly complain about high inflation and not being able to get loans. That’s why businesses are asking the government to expand concessional loans. At the same time, according to the Central Bank, companies responded to expensive loans by increasing the issuance of corporate bonds. In 2023, this market grew by 26.5% and reached 23.9 trillion rubles.
But experts say expensive loans combined with labor shortages are limiting the sector’s growth potential. Businesses cannot receive investment loans to increase technical equipment and labor productivity.
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