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Regional Economics: Theory and Practice
 

The SME sector of the Russian Federation: Current status, development problems, and State support measures

Vol. 20, Iss. 7, JULY 2022

Received: 17 March 2022

Received in revised form: 4 May 2022

Accepted: 11 June 2022

Available online: 14 July 2022

Subject Heading: SOCIOECONOMIC POLICY

JEL Classification: E61, H71, L26

Pages: 1253–1268

https://doi.org/10.24891/re.20.7.1253

Natal'ya N. YAKIMCHUK Peter the Great St. Petersburg Polytechnic University (SPbPU), St. Petersburg, Russian Federation
yakimchuk777@bk.ru

ORCID id: not available

Maksim D. IVANOV State Institute of Economics, Finance, Law, and Technology (SIEFLT), Gatchina, Leningrad Oblast, Russian Federation
Maxkeeper13@inbox.ru

ORCID id: not available

Aleksandr A. OREL Small and Medium-Sized Business Fund – Microcredit Company MO Gorod Gatchina, Gatchina, Leningrad Oblast, Russian Federation
orel-aleksander@mail.ru

ORCID id: not available

Subject. This article analyzes the functioning of the small and medium-sized business sector in Russia and the SME support programmes implemented in Germany, the USA, and the UK.
Objectives. The article aims to conduct a comparative analysis of the development indicators of small and medium-sized businesses in Russia and some foreign countries, and develop recommendations for improving State support for this business in Russia.
Methods. For the study, we used the methods of comparative and content analyses.
Results. The article identifies and describes the main negative factors affecting the development of small and medium-sized businesses in Russia.
Conclusions. The article concludes that it is necessary to develop strategic measures aimed at increasing the investment activities in the small and medium-sized business sector.

Keywords: small and medium-sized business, foreign experience, SMEs support, government support measures

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