A third of the economy of Russia worked at a loss

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www.vsyako.netPhoto: Vladimir Trefilov / RIA Novosti

The crisis in the Russian economy in the first half of the year led to the fact that a third of companies (36 percent) worked at a loss. This is with reference to the Rosstat data the newspaper “Vedomosti”.

Total net profit organizations, except small businesses, banks, insurance companies and state-owned enterprises decreased by 51.6 percent, to 3,246 trillion rubles.

Profit 5,873 trillion received 34.3 thousand organizations and a loss of 2,627 trillion — 19.3 thousand. Most strongly crisis has struck on the enterprises related to mining. For them, the loss increased by 8.6 times. Manufacturing increased it by 2.7 times, and wholesale and retail trade — 2.8 times.

For oil and gas companies the main problems was the decline in demand and a sharp drop in energy prices. For productions are non — working days in April-may and restrictions for workers to return to the enterprise.

Director of market research Center of the Institute for statistical studies and Economics of knowledge, HSE George Ostapkovich said that the worst affected sector of personal services. A company’s attitude to small businesses, which Rosstat is not included in the statistics, and it is restriction on activities were hit particularly hard. According to the expert, to improve their situation, they soon will not. The reason for this will be reduced income and change in the psychological state of people.

Earlier, Rosstat found that in the second quarter of 2020, real disposable incomes of Russians fell by 8 percent. This was the maximum since the beginning of 2013.

Video, photo All from Russia.

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