Tuesday, April 23, 2024
Russian fashion retailers are going to have to cope with tough times amid the coronavirus outbreak which has forced Russians into self-isolation, Kommersant writes. Sales of clothing, shoes, and accessories are expected to plunge by 20-30% depending on how long the lockdown lasts. A surge in online trade will not...
Russia’s import substitution is a ‘temporary phenomenon, a temporary tool for adjusting the current situation’, President Vladimir Putin said on Wednesday, according to TASS. "The idea of import substitution itself is not universal and is not what we should strive for in the long run, because import substitution should not...