Large Russian businesses financially stable despite sanctions
The experts noted that systemic sanctions in 2022 caused significantly more damage to large businesses than the first wave of sanctions in 2014-2015
MOSCOW, October 24. /TASS/. Despite large-scale sanctions against the Russian economy, large businesses managed to maintain financial stability - according to a study by the National Rating Agency, about 80% of such companies remained in the zone of high financial stability at the end of 2022.
"An analysis of the dynamics of financial stability showed that about 78% of large businesses managed to remain in the zone of high financial stability, 20% of companies worsened their indicators and moved to the "gray zone" of financial stability. However, only 2% of companies in the zone of financial stability in 2021 moved to the zone of 'financial stress'," the statement said.
The agency associated financial stability with the fact that the transition to a "structural crisis" occurred in comparison with a high-income situation in 2021. As a result, the shock of the structural crisis led only to a reduction in the volume of profits of large companies in real terms to the pre-pandemic level of 2019, while high commodity prices and massive government support in the second and third quarters of 2022 served as a "damper" preventing the deterioration of financial stability of large companies.
At the same time, experts noted that systemic sanctions in 2022 caused significantly more damage to large businesses than the first wave of sanctions in 2014-2015.