Abstract
The article analyzes the current level of development of SMEs in the regional context on the example of the Oryol region; studied the features of state support for business during the COVID-19 pandemic; trends, risks and prospects for the activities of businessmen in a rapidly changing economic and political environment have been identified. Of interest is the process of transformation of restrictions due to the worsening epidemiological situation into economic restrictions of an external nature, due to the ongoing sanctions imposed against Russia by foreign states. The theoretical and methodological basis of the study was the scientific work of domestic and foreign scientists in the field of business support, focused on achieving sustainable development and ensuring import substitution. The study was based on an integrated approach, which involves the study of various aspects of entrepreneurship development, taking into account economic, social, cultural and political components. The study of materials on the stated issues was carried out by the authors using the methods of structural and system analysis, text mining. Emphasis is placed on the fact that the further development of entrepreneurship should take place in the conditions of active digitalization of processes. It was determined that the measures of state support for business during the pandemic allowed most entities to maintain their activities and further resist the impact of sanctions in the new economic conditions, using the opportunities to develop vacant market niches. Scientific novelty lies in the expansion of theoretical ideas about activities in the framework of overcoming crisis situations by SMEs at the regional level. The practical significance of the study is expressed in the systematization of regional experience in supporting SMEs and the possibility of its use by other subjects of the Russian Federation.
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