According to figures from the state statistics agency Rosstat, some 19,000 companies collectively lost more than 5 trillion rubles ($62 billion) between January and June. Meanwhile, 43,000 businesses posted combined profits of 18.4 trillion rubles ($228 billion) for that same period.
The data did not include small and medium-sized firms, financial institutions and state entities.
Izvestia said it was the first time since the pandemic lockdowns of 2020 that the share of unprofitable businesses topped 30%. Experts who spoke to the newspaper said that no more than 20% of firms typically operate at a loss in advanced industrialized economies.
The Moscow Times .
