Business for Business – How to Deal with the Current Economic Situation in Russia

Expert input from Dr Johannes Leitner at the "Ost-Auschuss der Deutschen Wirtschaft"

The format of the “Ost-Ausschuss der Deutschen Wirtschaft" is aimed directly at companies in Russia and Germany and is primarily intended to facilitate the exchange of experiences, practical ways of dealing with the situation and to provide greater clarity and certainty. The September edition focused in particular on the effects of the European Union's 18th package of sanctions, tax and legal adjustments in the Russian Federation, and the possible impact of the changed political situation on companies.

Key takeaways included:

While Russia's budget is constrained by decreasing oil and gas revenues, those industries profiting from the war economy are still doing well.

However, public spending will need to be managed more stringently than in the past years.

Military and security expenditures will remain high.

Sanctions do have an impact on Russia's economic performance.

The slides from the presentation can be found at the following link.