Main points
- PJSC KamAZ suffered net losses of over 37 billion rubles in 2025, which is 11 times more than the previous year.
- The crisis at KamAZ is deepening due to the high key rate, rising loan prices, and falling transportation tariffs.
Russian “KamAZ” has been gripped by crisis / “KamAZ”
Russia's KamAZ is on the verge of collapse, like many other giant companies. The company is operating at a loss, the crisis is deepening due to Chinese competitors and Putin's policies.
What losses does KamAZ have and why?
This year, PJSC KamAZ celebrated 50 years since the release of the first truck, but the anniversary comes in times of deep crisis, writes SZRU.
At the end of 2025, the company's net loss exceeded 37 billion rubles, which is 11 times more than a year earlier. Meanwhile, sales profit turned into a loss of 22.9 billion rubles, with 14,500 cars sold during the year, which is 16% less than a year earlier.
The crisis is deepening due to:
- a high key rate of the Central Bank;
- increase in the cost of loans;
- a 20% drop in spot transportation tariffs;
- market oversaturation, competition with cheap Chinese brands;
- occupancy of leasing companies' warehouses.
Large companies in Russia are preparing for bankruptcy
More than half of large companies in Russia ended 2025 with falling profits, reduced or completely froze investment projects, and many of them are preparing to lay off employees, writes The Moscow Times.
In 2025, 62% of civilian enterprises saw their profits fall, and the share of loss-making companies increased.
The liquidity and non-payment crisis is growing. Huge increase in costs. Given the fact that the situation in these indicators has been deteriorating throughout 2025 and continues to deteriorate this year, enterprises are gradually depleting their own resources, which would allow them to continue working,
– said the vice-president of the RSPP Oleksandr Murichev.
According to him, the only visible prospect for many enterprises today is a reduction in production, employees, and in the most critical situations, bankruptcy.
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How are business and industry declining in Russia?
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The number of public catering establishments in Russia has decreased significantly due to economic difficulties. Russians are switching to cheaper food options, such as fast food or discounted products in supermarkets, which is leading to the closure of restaurants and cafes.
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Russian companies suffered a record loss of 7.5 trillion rubles in January-November 2025 due to sanctions and the economic slowdown. The largest losses are recorded in manufacturing, wholesale trade and mining.
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In Russia, salaries in the IT business have stopped growing due to inflation, which has exceeded salary growth. There are more than 18 resumes per vacancy in the IT sector, which makes it difficult to increase salaries due to high competition.
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The Russian Steel Association is asking the Kremlin to review the excise tax on liquid steel, stimulate domestic metal consumption, and introduce a tariff surcharge on imports of rolled metal. Steel production in Russia has declined, while imports from Kazakhstan and China are growing, causing a crisis in the metallurgical industry.