Almost all restaurants in Russia are on the brink of financial collapse
More than 90% of bars and restaurants in Russia are operating at the break-even point or at a loss.
This is evidenced by a survey conducted by "Action Accounting," the results of which are cited by Forbes.
31.4% of establishments reported losses, another 36.2% reported minimal profits, and 26.2% are in an unstable condition.
Against this backdrop, the Russian Ministry of Finance proposed temporarily exempting part of the business sector from VAT, but over 75% of market participants consider this measure insufficient.
The crisis in the industry is deepening: in the first two months of the year, the number of closures rose by 29%—to 7,300 establishments.
At the same time, customer traffic has dropped significantly—by an average of 10–15%, and in some cases by as much as 30–40%.
Industry representatives describe the situation as the worst in the last 25 years and attribute it to a decline in household income.
After three years of unexpected economic growth, Russia is facing a sudden slowdown—war expenses, inflation, and falling oil prices have begun to weigh on an economy that until recently seemed resilient to sanctions.
Consumer lending in Russia has fallen to a six-year low.
