RUSSIA MULLS BAN ON WESTERN CLOTHING AND TEXTILE IMPORTS
August 1st, 2014
Officials at Russia’s industry ministry have said should additional US and EU sanctions be imposed, Russia may impose a complete ban on imports of clothing and textiles from the European Union and the US.According to an official spokesperson from the industry and trade ministry, the government is planning to ensure free access of domestic textile producers to cheap bank loans with interest rates no higher than 5%. In addition, there are also plans to provide additional tax benefits to producers.He added that the state might provide direct subsidies to some of ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.