the Crisis in the Russian economy in January-may 2020 has led to the fact that a third of companies (36%) worked at a loss, writing “Vedomosti”, citing data from Rosstat.
According to the newspaper, total net profits, if not to consider small businesses, credit organizations, insurance companies and state-owned enterprises decreased by 51.6% to 3,246 trillion rubles.
For the first five months the total profit 5,873 trillion received 34 300 organizations, and the General loss of 2,627 trillion — 19 300 companies. The greatest damage the crisis has caused the mining of minerals. A loss in the relevant field has increased 8.6 times. In the manufacturing sector, the loss increased by 2.7 times. Wholesale and retail trade increased it by 2.8 times.
Oil companies have reduced the profit due to the decrease in energy demand and agreements, within the framework of OPEC+. The manufacturing industry has caved in due to days off in April-may and restrictions on the output of workers in the enterprises.
According to the interviewed experts, were the hardest hit sector of personal services. Many companies are small businesses, and restrictions on work was affected especially strongly. From the point of view of experts, to improve their situation, they soon will not be able due to falling income and changes in the psychological state of the people.
