Small business in Russia is an important element of the economy that contributes to job creation, innovation and competitiveness. However, in the context of global economic instability and growing geopolitical risks, small business faces a number of problems and challenges related to export restrictions, high customs duties and complicated procedures for obtaining permits for import and export of goods. In light of these challenges, small businesses must actively seek new opportunities for development in the global market, such as the development of exports of goods and services, as well as the use of digitalization and e-commerce opportunities. In this article, we will examine the problems and challenges faced by small business in Russia, as well as the opportunities for its development in the global market. The results and conclusions of the study will help to understand what steps should be taken to support and develop small business in Russia.