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In Russia, almost twice as many companies close than open, writes Izvestia. Within nine months, 208,000 factories were eliminated, and the pace of closures accelerated compared to last year. Businesses cannot afford high loan rates and tax burdens.

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In Russia, almost twice as many companies close than open, writes Izvestia. Within nine months, 208,000 factories were eliminated, and the pace of closures accelerated compared to last year. Businesses cannot afford high loan rates and tax burdens.

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