Showing posts with label high tech. Show all posts
Showing posts with label high tech. Show all posts

Russia's capital flight and entrepreneurs challenge

 Russia's invasion of Ukraine was a big change for Russian entrepreneurs. The big challenge started when global community response to the war crimes in Russia and banned access of money and banking system from SWIFT.

Big brands and entrepreneurs exited from Russia and High tech payment solutions and technological corporations exited from Russia. 

The thing that resulted as a inflation rate that hit 200% in short term, for controlling the condition, Moscow started ordered economy and use internet censorship for controlling social dissatisfaction.

Economists recognize one of the biggest capital flight happened during this period and Russia's oligarch left Putin alone. Billions of Dollar exited from Russia and Russia can not access to the foreign investment that had in foreign money and banking system. 

During these political and economical pressure, high tech industries collapsed in Russia and entrepreneurs faced big challenge to start their business or develop it. They do not have solutions for crowdfunding and the basic infrastructures for starting a new business become in risks for Russian.

Now this is a big challenge for the future of Russia, to support local entrepreneurs or replacing brands, products with Chinese solution.

The thing that is a threaten for the future of Russia's children and family.