So it will go down: business has identified the risks of providing benefits to growing companies. Authorities and entrepreneurs discuss state support for the SME sector / Comment / Izvestia

As the concept of Small and Medium Enterprises gains traction, the business community is grappling with concerns regarding support for small enterprises. During a meeting featuring Maxim Reshetnikov, the Minister of the Economy, representatives from Opora Russia voiced their apprehensions that extending budgetary allocations and benefits to this new category might dilute existing state aid. Within the business grouping, they proposed allocating additional funds specifically for this emerging category.

Anna Zabrotskaya, Partner and Head of the Dispute Resolution Practice at Nordic Star, warns against the potential adverse effects on small businesses of redistributing public funds. She highlights the possibility of preferential lending limits being exhausted more rapidly with an influx of new participants.

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Anna Zabrotskaya
Partner, Attorney-at-Law

+7 921 951 39 18
St. Petersburg