Impact of COVID-19 on the Welfare of Russian Enterprises

V. V. Osadchii, A. Zolkin, N. Levoshich, S. Tokova, G. Ryabkova

2021

Abstract

For people around the world, the situation with the coronavirus COVID-19 has shown that all sectors of the economy, including the activities of companies, ranging from micro-enterprises to large holdings were not prepared to such issues. The world economy is in deep crisis. Starting from the first quarter of 2020, there was a decrease in activity in the economies of most of the market leaders. These include the EEC, USA, Japan, China. The collapse of the ruble and oil prices, a decrease in revenues to the country’s budget, an increase in the share of unemployment, a decrease in household income, an increase in the share of divorces and suicides, a drop in the quality of education due to the transition to self-isolation, an increase in mortality due to COVID-19 disease, have led to uncertainty and destabilization of the situation in the country. Since the beginning of the coronavirus crisis, there has been a significant decrease not only in jobs, but also in population income. The self-isolation regime has had a significant impact on the lives of ordinary citizens. The world was not ready for such shocks. The crisis continues to the present. The article reflects information on the dynamics of the development of Russian entities during the pandemic, examines and analyzes the consequences of the impact of coronavirus on the welfare of citizens. The consequences of the impact of the pandemic on various spheres of an individual’s life, provided statistical data and proposed solutions outlined in this article, make it possible to realize the importance of development of preventive measures in response to similar situations. The analysis of the expected consequences of the pandemic in the economic sphere of the state is also carried out, the measures applied by the government in the current situation are considered.

Paper Citation

in Harvard Style

V. Osadchii V., Zolkin A., Levoshich N., Tokova S. and Ryabkova G. (2021). Impact of COVID-19 on the Welfare of Russian Enterprises. In Proceedings of the 2nd International Scientific and Practical Conference "COVID-19: Implementation of the Sustainable Development Goals" - Volume 1: RTCOV, ISBN 978-989-758-617-0, pages 285-291. DOI: 10.5220/0011119400003439

in Bibtex Style

@conference{rtcov21,
author={V. V. Osadchii and A. Zolkin and N. Levoshich and S. Tokova and G. Ryabkova},
title={Impact of COVID-19 on the Welfare of Russian Enterprises},
booktitle={Proceedings of the 2nd International Scientific and Practical Conference "COVID-19: Implementation of the Sustainable Development Goals" - Volume 1: RTCOV,},
year={2021},
pages={285-291},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011119400003439},
isbn={978-989-758-617-0},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Scientific and Practical Conference "COVID-19: Implementation of the Sustainable Development Goals" - Volume 1: RTCOV,
TI - Impact of COVID-19 on the Welfare of Russian Enterprises
SN - 978-989-758-617-0
AU - V. Osadchii V.
AU - Zolkin A.
AU - Levoshich N.
AU - Tokova S.
AU - Ryabkova G.
PY - 2021
SP - 285
EP - 291
DO - 10.5220/0011119400003439