RUSSIAN GOVERNMENT MULLS NEW CREDIT MECHANISMS FOR STRUGGLING TEXTILES SECTOR
February 1st, 2016
The Russian government is considering setting up new credit mechanisms for the country’s textile industry and increasing incentives for manufacturers to use domestically produced fabrics, according to the new support programme approved on January 29. But Russian textile industry representatives are sceptical about its short-term effectiveness.
This ‘Programme for the support of the light industry in 2016’, has been developed by the Russian ministry of industry and trade working with the Russian Union of Entrepreneurs of Textile and Light Industry. It is ...
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