The problems are endless. KTPP - about the situation in business

Kaliningrad companies are facing an acute shortage of working capital, payment terms have increased, and sales markets are collapsing. Marat Musin, chairman of the small and medium-sized business committee of the Kaliningrad Chamber of Commerce and Industry, told about this, the Rugrad portal writes in its TELEGRAM channel.

“The information [from business] is really quite disturbing. Traditional sales markets are breaking down, supply chains are collapsing, the success story of our exporter, the president of the Association of Exporters - Baltmotors, which has been successfully entering the North American markets for a long time. American engines - everything. No more exports and the ability to EXPORT. <...> There is an acute shortage of working capital, payment terms have increased, borrowed funds are becoming more expensive. These problems can be listed endlessly,” says Musin.

Recall that the government of the Kaliningrad region allocated 1 billion 970 million rubles from the reserve fund to support business in the face of sanctions. As part of the first assistance package, the money is promised to be used for loans to replenish working capital for companies and investment projects.

Earlier, in a conversation with RBC Kaliningrad, Dmitry Sivkov, president of the regional Association of Exporters and DIRECTOR of Baltmotors, said that the company had suspended exports due to the inability to send goods from the region to Europe and North America.