"practically the majority of our enterprises will go bankrupt."

▪️ #Alexey_Mordashov, who owns #Severstal, warned that "it is more profitable for companies to stop development, even scale down their business and deposit funds "

▪️ Contractors in the #Russian defence industry, according to #Alexandra_Prokopenko, a researcher at the #Carnegie_Russia #Eurasia Centre, report non-payments and rising financing costs.