The current situation of small and medium-sized businesses in Russia

Abstract

The article examines the situation related to the development and problems in Russian small and medium-sized enterprises over the past decade. The assessment of the institutional environment of entrepreneurship at the present stage of its existence is given. The subject of the study is the processes taking place in this sector of the economy. The purpose of the article is to study the peculiarities of the development and existence of Russian small and medium-sized businesses.The theoretical and methodological basis was made up of articles by authors directly involved in business, as well as authors considering this economic activity from a methodological point of view. Changes in the institutional environment of the economy are becoming particularly relevant due to the challenges associated with sanctions restrictions against the country, as well as the serious dependence of the budget on oil and gas trade in raw materials, where energy prices have recently collapsed.The materials of the article can be used by mass media focused on the problems of domestic entrepreneurship. The novelty of the article primarily consists in a comprehensive analysis of the situation in this sector of the economy over the past decade. The state of the country's economy directly depends not only on the players of big business, but also largely on the objects of small and medium-sized enterprises, since they use local labor, raw materials and production resources on the territory. Therefore, economic diversification is currently an important issue for the state economic policy of the state, and it is small and medium-sized businesses that could become the locomotive that would allow the country to get out of further technological and socio-economic distress.