Showing posts with label Moscow. Show all posts
Showing posts with label Moscow. Show all posts

Russian Startups challenge with Economic recession for 2022

 Russia's invasion of Ukraine by February 2022, was a start point for the biggest capital flight in the Russia, Russian oligarch left Kremlin alone and inflation rate hit 200% in short term.

Global community response to this military invasion was heavy sanctions that paralyzed Russia's economy. Money and banking system banned from accessing SWIFT. Big brands and entrepreneurs exited from Russia and this was a big challenge for Russian Startups.

Russian startups challenge with global economic recession for 2022, was full of problems and chaos that forced them changing their strategies. Moscow's policy for controlling social dissatisfaction was using internet censorship, fake news and ordered economy model.

The thing that forced entrepreneurs left their startup ideas and doing local business. Internet censorship was a heavy strike to the Russia's online business that destroy their position in the global ranking.