Source Pravda.Ru

2004 budget offers no support for small business

Russia ineffectively supports its small businesses, said Deputy Chairperson for the Federation Council Committee on Political Economy, Business and Property Pavel Fedirko. 'There is a lot of talk about supporting small and medium-sized business, but there is practically no action,' he said.

Fedirko said that the 2003 budget allotted USD 3.23 billion to medium and small business, but this money didn't get to the regions and was almost entirely spent on the federal level. The 2004 budget, according to Fedirko, has no money for small business. 'The federal budget does not take into account financial help for small business,' he said. Fedirko also said that receiving a credit from the World Bank for this purpose is possible only if Russia takes on the responsibility for completing the guarantees of the loan.

When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked

US sanctions to kill Russian banks and sovereign debt?

The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America

Turkey desperately tries to rescue its national currency as it falls to all-time lows
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US sanctions to kill Russian banks and sovereign debt?