How the Ukraine war is impacting Russia’s small businesses

Feb 25, 2026 - 12:02
How the Ukraine war is impacting Russia’s small businesses
Rising VAT and tax reforms are hitting Russia’s small businesses hard. Beauty salons in St. Petersburg and Moscow’s Mashenka bakery face closure as costs soar, demand drops, and owners struggle to stay afloat amid stricter regulations and economic pressures from four years of war.
Tomas Kauer - Moderator www.tomaskauer.com