Despite a slight recovery in numbers, they are still a long way from last year’s decline and have not yet impacted volumes. The reality is the lack of supply and a continuous increase in price
One of the consequences of Russia’s de-Westernization is its own deindustrialization. The country relied heavily on Western imports, and since the imposition of the first sanctions, the Governor of the Central Bank of Russia, Elvira Nabiullina, has warned the leadership that the economic system must prepare for it a long period of “structural change” in which industries scrutinize the geography of imports and exports, and that all of this would have meant for Russians to spend more to have less modern products.
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