Russian textile and clothing market facing record losses
The Russian textile and clothing market continues to bear huge losses owing to the ongoing military conflict with Ukraine and sanctions imposed on the country.
To date, more than 100 international textile and clothing producers, as well as fashion retailers, have announced the suspension of their operations in Russia, with many ready for a complete exodus, although such a decision has been announced by only a few companies so far.
For the full story, see the May 2022 edition of Textiles Eastern Europe