According to RIA New Day, in the wake of the post-pandemic economic recovery, the profitability of Russian large and medium-sized enterprises in January-September 2021 reached 6.44%.

Analysts of the audit and consulting network FinExpertiza called this figure the highest in thirteen years. However, in occupied Crimea and Sevastopol, figures are three times lower than in Russia.

The share of own funds in the assets of large and medium-sized enterprises in occupied Crimea is gradually growing and currently stands at 70.62%, but in Sevastopol - it is falling.

The share of own funds in the company’s assets reflects the financial stability of the business and its dependence on borrowed sources of financing. Thus, the “autonomy ratio” or “financial independence ratio” is calculated.

“In Russian practice, the share of own funds of 50% or more of the total value of assets is normal - this allows business simultaneously cover all liabilities from their own resources”, - FinExpertiza said.

What is known

• Olga Vinogradova, Chairperson of the Committee on Budget-Financial, Investment and Tax Policy of Crimea, stated that the shadow economy of the peninsula is 25-35% of the gross product, which is calculated based on the volume of results of 19 sectors of the economy.
• The occupiers also estimated that Sevastopol organizations owed almost 35 billion rubles in loans. More than half of the debtor enterprises are industrial enterprises.

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