Sanctions Business

Sanctions. Someone sees this phenomenon as extremely negative, but is everything really so bad? Food sanctions, that is, a ban on the import of certain goods from abroad, caused a phenomenon such as import substitution. Products that used to be imported from the West should now be replaced by similar, but domestically produced.

There is often an opinion among economists that import substitution should have been dealt with a couple of decades ago in order to provide the country with goods of its own production and create new jobs that are always lacking. Why we didn’t do this before, we will not argue. Now the question is more relevant: is it possible to build a small business under sanctions? We answer: it is possible! The sanctioned business will rely on the fact that market niches freed from foreign manufacturers need to be filled by someone, and small and medium-sized businesses are ideally suited for this. What should be done to get the most out of sanctions?

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