Engineers of the Soviet Union built spaceships, nuclear power stations and the largest aircraft in the world. And even today entrepreneurs from this region often have brilliant business ideas, but difficulties to market them. A lack of experience in international businesses, missing language skills and vital networks prevent small and medium-sized companies from their own “globalization”.
Though, their products are often very competitive even outside of Russia. Currently, another reason for Eurasian companies to stay at home is the lack of capital. Due to the western sanctions against Russia it is particularly difficult for these enterprises to attract funding for investment projects from the financial market. But they would need this capital to upscale their production, to increase their products quality and go global.