Senator Nikolai Zhuravlev said that small business fuels the competition, prevent monopolization in many areas and helps to implement the policy of import substitution.
MOSCOW, 14 Oct. In the Federation Council noted the importance of financial support of small and medium business, which could become the driving force in the implementation of policies of import substitution and economic diversification.
In the framework of the forum “Russia calling!” the head of VTB Andrey Kostin said that lending to small and medium-sized businesses is very risky, the number of non-performing loans in recent years greatly increased.
“Many banks are critical to the financing of small and medium enterprises (SMEs), considering the segment risky, especially compared to reliable major players. However, I am sure, and among startups applying for venture capital funding, there is a decent profitable projects,” — said the Deputy Chairman of the Federation Council Committee on budget and fenningham Nikolay Zhuravlev.
He stressed that small businesses are extremely important for the country. “It tightens competition and prevent monopolization in many areas. Finally, SMEs may become a driving force in the implementation of policies of import substitution and economic diversification. The state relies on small business and creates favorable conditions for its development, even in times of crisis”, — said the Senator.
According to him, by the government and the Bank of Russia anti-crisis measures, the tightening of monetary policy has justified itself, and now, after the peak of the crisis has been overcome, the recorded inflows into the economy, there will be warming in the banking sector, can be expected to improve access to credit. “Then, should be, and credit orientation will go up with the General economic interests”, — said Zhuravlev.