Russian Federation: Key Issues and Policies

image of Russian Federation: Key Issues and Policies

This publication examines the major policy challenges, achievements and next steps for the creation of a more entrepreneurial population and a stronger SME sector in the Russian Federation, which are critical to the country’s economic growth and diversification. Despite less regulatory burdens and more subsidy financing for start-ups, production modernisation, innovation and exporting, framework conditions need to be improved in areas such as the rule of law, commercialising science and improving entrepreneurial skills and education. Gaps in SME and entrepreneurship programmes also need to be filled, such as through new initiatives for high-growth firms and large firm-SME linkages. Strengthening business development services infrastructure and improving access to finance are further important challenges. All these improvements will need to be spread across the regions of the Russian Federation if national objectives for growth and balanced spatial development are to be met.



Strategic Framework and Delivery Mechanisms For SME and Entrepreneurship Policy in the Russian Federation

This chapter examines the legal framework for SME and entrepreneurship policy in the Russian Federation, the distribution of responsibilities across federal government for different aspects of SME and entrepreneurship policy, and the extent of policy leadership and co-ordination. It also assesses the major strategic directions in SME and entrepreneurship programme support that the federal government has chosen to pursue and the distribution of federal SME programme spending across different activities. Recommendations include developing an integrated master plan for SME and entrepreneurship promotion and shifting the weight of programme expenditures away from general SME investment and start-up subsidies towards more targeted subsidies aimed at innovation and exporting and more business development services such as company diagnostics and consultancy.




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