Russian Government Prioritizes SMEs Businesses, Offers Long-term Support

President Vladimir Putin and Chairman of VTB Bank Management Board Andrei Kostin at the Russia Calling! Investment Forum

Over the years, Small and Medium Scale Businesses (SMEs) have been uttermost focus for the Russian government recognizing the fact that these provide employment and support the overall economy. Despite the coronavirus pandemic, the government has seriously prioritized the sector, urged the support of financial institutions in order to secure atleast, incomes and employment places of the population. Late October, two significant business events were held in Moscow. The first was the annual gathering of the Valdai Discussion Club and the second was Russia Calling! Investment forum. At both gatherings, President Vladimir Putin gave an overview of the small and medium scale business sector in the changing economy of Russia. Besides this, he has been talking about the importance of strengthening support for businesses during weekly executive meetings with Ministers of State.

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