Small-scaled business could help eliminate poverty in Russia

Saturday, February 4, 2023

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MOSCOW - Addressing a meeting of Russian Trade and Industry Chamber Council on Dec. 23, President Vladimir Putin blamed the nation’s business elite for the high level of poverty in the country, saying they have done very little to help small- and medium-sized enterprises (SME). Stressing the urgent need to develop and support the SMEs, Putin noted that small- and medium-sized businesses have the potential to help eliminate poverty in the country. “The business community has not only an economic potential today, but a creative and expert potential as well. It is time to forward this potential into such spheres as education, health and ecology”. Putin also used the occasion to call on big businesses to help solve other social problems. “These include improving their employees labor and life conditions, as well as participating in state social programs”.

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