RUSSIA PLANS TO NATIONALISE CRIMEA’S TEXTILE SECTOR
November 1st, 2014
The Russian government is planning to nationalise the textile sector of Crimea, the former Ukraine region it annexed in March, helping spark a series of sanctions against Moscow by the European Union (EU), the USA and others. These restrictions include a ban on western companies trading with the Crimea, intensifying economic problems that have worsened since the Russian takeover. Russia has now dubbed Crimea one of its nine federal districts, unless goods and services are routed through Ukraine customs. A senior official at Russia’s ministry of industry and ...
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