Business Daily

Russia's covid crisis

Jun 11, 2020

Dmitry Nechaev, a Moscow bicycle workshop owner, fears the future post-lockdown. Economist Sergei Guriev discusses Russia's economy impact. Topics include premature lockdown easing, small business struggles, and Putin's crisis management.

17:28

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Episode guests

Sergei Guriev

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Quick takeaways

Small businesses in Russia struggle due to lack of government support and bureaucratic procedures.

Putin's declining popularity and economic challenges may lead to instability within his administration.

Deep dives

Challenges Faced by Small Businesses in Russia

Many small businesses in Russia are struggling to pay wages after the lockdown period due to lack of sales and resources. Business owners like Dimitri Nacheaev had to stop production and ask creditors for support. The government's bureaucratic procedures make it difficult for small companies to receive compensation or grants, leading to rising unemployment levels. The economic crisis and lack of support highlight the challenges faced by small businesses in Russia.

Introduction

2min

Russia's Easing of Lockdown Restrictions and Concerns about New Cases

2min

Navigating Business Challenges Amid Lockdown

2min

Economic Challenges and Government Support for Russian Small Businesses during COVID-19 Crisis

8min

Putin's Political Strategy Under Scrutiny

5min

Russia is ending its lockdown as officials congratulate citizens on a shared victory. But with infection rates still sky-high, some say it's premature, and that it's more to do with politics than the best interests of the nation. What's at stake for Russia and its strongman, Vladimir Putin?

On this edition of the programme, we hear from Dmitry Nechaev who runs a bicycle workshop in Moscow on his fears for the future. Economist Sergei Guriev talks about the economic impact of the pandemic on Russia's economy and the country's small businesses; and Catherine Belton, author of Putin's People, explains the political fallout of Vladimir Putin's handling of the crisis.

(Image: A commuter in a face masks on a Moscow Underground train. Credit: Getty Images).

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Business Daily

Russia's covid crisis

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Challenges Faced by Small Businesses in Russia

Economic Impact and Government Response in Russia

Political Challenges and Putin's Leadership

Remember Everything You Learn from Podcasts