Losses, layoffs and debts: how the war is finishing off the companies of Ust-Kut - the city of timber merchants and oil workers in the Irkutsk region
In the Irkutsk region, due to the war and subsequent sanctions, the economic situation has worsened: export relations have decreased and the budget deficit has increased. Three industries important to the region were particularly affected: logging, oil and gas, and the public sector. In the first two, wages are being delayed, incomes are falling, and layoffs are already underway or are being prepared. In the public sector, there are interruptions in financing and payments.