Nearly 5,400 Russian companies were declared bankrupt in the first nine months of 2026, up 13.3% year on year, as falling consumer demand, high borrowing costs, and heavier taxes strained businesses, The Moscow Times reported on November 4.
Citing Russia’s Unified Federal Register of Bankruptcy Information, the outlet reported that 1,800 companies were declared bankrupt in the third quarter alone, an 18.5% annual increase.
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The number of newly opened corporate insolvency cases rose 23.6% in January–September to 4,600. Procedures involving external administration and financial rehabilitation increased from 39 to 49 over the same…