Why dozens of Russian enterprises are bankrupt, or heading that way – Defense News

MOSCOW Russias economy has not shrunk to the point some Western governments and experts predicted following the countrys invasion of Ukraine.

Indeed, since Feb. 24, 2022, the more than 11,000 added restrictions aimed at pressuring the Russian government have not delivered as much hell as originally expected, according to a report released a year later by the Center for Strategic and International Studies.

But despite the Kremlins ability to defy apocalyptical forecasts, as the think tank put it, and the governments growing defense budget, dozens of Russian defense plants are undergoing bankruptcy proceedings or have claims for bankruptcy recognition. Some have received contracts to support Russias invasion of Ukraine and are still oper…

Read the full article at: https://www.defensenews.com/industry/2023/08/07/why-dozens-of-russian-enterprises-are-bankrupt-or-heading-that-way/