How the Ukraine war is impacting Russia’s small businesses

euronews (in English)

How the Ukraine war is impacting Russia’s small businesses  Rising VAT and tax reforms are hitting Russia’s small businesses hard. Beauty salons in St. Petersburg and Moscow’s Mashenka bakery face closure as costs soar, demand drops, and owners struggle to stay afloat amid stricter regulations and economic pressures from four years of war.  READ MORE : http://www.euronews.com/2026/02/24/how-the-ukraine-war-is-impacting-russias-small-businesses  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00.

00:01Thank you very much.

00:16It's not a secret. I don't want to explain the numbers, but it's not a big business, but it's not

00:33a big business, but it's not a secret.

00:35It was not simple, but we have accumulated the need for the sum, we have calculated it, and we are

00:41looking forward.

00:42Let's go ahead.

01:26There appears to be no discussion about returning to the situation where small businesses did not have to deal with

01:35VAT.

01:36I think that's now a permanent change, whatever the rate.

01:49I'm scared for the day.

01:53such emotions, honestly, we have never experienced.

02:21You

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