Peskov said that the situation in Russia with business is better than the expectations of the West

Business development in RUSSIA is complicated by Western sanctions, but overall the situation is not bad, Presidential Press Secretary Dmitry Peskov told reporters, RBC correspondent reports.

“There are problems, yes,” the presidential spokesman acknowledged. According to him, the situation is aggravated by "an unfriendly environment on the part of the collective West", but it turned out to be "better than what the West expected when it went to the blockade."

According to a S&P Global survey reviewed by RBC, in June, Russian business expectations for the next 12 months were the worst since at least 2009. The agency calculates the business optimism score as the difference between the share of companies that expect to increase output in the coming year and the share of companies that expect a decline. At the beginning of the summer, the balance fell to 5% after 34% in February. The companies cited rising commodity prices, the impact of sanctions on demand and a decline in purchasing power in the domestic market among the threats.

According to the data presented at the end of May by the Office of the Commissioner for the Protection of the Rights of Entrepreneurs Boris Titov and the Growth Economics Institute. Stolypin, the sanctions imposed in response to the Russian military operation in Ukraine affected more than 86% of Russian companies. Of these, 11.7% were unable to adapt to the new conditions and were forced to completely or partially stop the business. At that time, most of the interviewed entrepreneurs assessed the situation in business negatively and called government support measures insufficient.

In June, President Vladimir Putin , speaking at the St. Petersburg International Economic Forum, instructed the government to prepare the parameters for the reform of business inspections. He proposed canceling most of the planned inspections of companies and advocated reviewing large and especially large damages for criminal cases against entrepreneurs. At the same time, addressing entrepreneurs, the president said that it was necessary to “link the future of children with the Motherland”, since “at home is more reliable”, and advised those who lost assets abroad “not to step on the old rake”.