Support The Moscow Times!

Medvedev For Small Business

ELISTA, Kalmykia Republic — President Dmitry Medvedev called Tuesday for the country to tackle unemployment by financing small businesses, a key part of the country's drive to diversify its economy.

Unemployment hit an eight-month high of 5.71 million people, or 7.6 percent, in January. In December, Medvedev offered tax breaks estimated at 41 billion rubles ($1.42 billion) to the small business sector over two years.

"We give people a chance to start a new life and set up their own business, even if it is a small one," Medvedev told a group of residents who had recently used state subsidies to set up their own farming and transport businesses.

(Reuters)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more