Russia's economy is showing signs of resilience despite two years of conflict with Ukraine, but a growing number of companies in the country are facing financial distress. According to a report by Russian business daily Kommersant, the number of bankruptcies among Russian companies has surged in the first two months of 2024.
In January, 571 companies in Russia declared bankruptcy, marking a 57% increase from the previous year. This trend continued in February, with 771 companies filing for bankruptcy, a 60% rise compared to the same period in 2023.
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