A staggering number of Russian companies are reporting losses.

11:57, Mon, Feb 9, 2026 Updated: 11:58, Mon, Feb 9, 2026

RUSSIA-POLITICS

Russia's economy continues to suffer. (Image: Getty)

Russia's economy continues to be hammered by the war in Ukraine as an increasing number of companies report losses. Total losses of Russian companies by 25% in just nine months last year, reaching a whopping 6.52 trillion rubles (£68 billion), according to the federal statistics service.

In that time, 18,400 organisations reported losses - 11% more than the previous year. The construction sector has been hit particularly hard by Russia's economic challenges, with nearly 20% of Russian property developers at risk of bankruptcy thanks to plunging sales driven by high mortgage interest rates.

Deputy Prime Minister Marat Khusnullin, who oversees housing and infrastructure in the government, warned that soon over 30% of Russian property developers could be pushed to the brink if financial conditions do not improve in the next six months.

He told Vedomosti Business Daily: "By my estimate, about 20% of developers face serious risks."

He noted that while every fifth construction company has postponed project completion by at least six months, this alone is not a reliable indicator of impending bankruptcy.

Russian newspaper Izvestia reported last year that major firms were headed for bankruptcy, with combined debts of nearly £900,000.

SC Donstroy in the city of Rostov-on-Don collapsed into bankruptcy after accumulating a debt of 11 million rubles (£105,000).

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Meanwhile, construction company LLC "STEK" was declared bankrupt last year with debts of 39 million rubles (£373,000).

Stroyproekt Group was also reported to be on the verge of bankruptcy, while Regionstroy met this fate with debts of around 43 million rubles (£402,000).