RUSSIAN INVASION WILL CAUSE LASTING DAMAGE TO UKRAINE AND RUSSIA’S KNITTING INDUSTRY, SAY EXPERTS
April 25th, 2022
RUSSIA’s invasion of Ukraine will damage European Union (EU)-Russia trade in clothing including knitwear, but Russia will continue to make woolen clothes, say experts. Meanwhile, the war launched by Russian President Vladimir Putin is devastating Ukraine’s knitwear production and retail sector.
Before the war, Ukraine’s knitwear industry was one of the largest in Europe, according to European Union (EU) data, which said there are more than 2,500 textile and clothing manufacturing plants in Ukraine (1), up to 90% of which are oriented towards export. Data ...
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