THE RUSSIAN GOVERNMENT TO SUPPORT DOMESTIC TEXTILE INDUSTRY
June 1st, 2013
RUSSIAN government is developing a range of policy measures to make Russia’s textile industry more efficient. They are expected to be implemented by presidential order during September. This initiative follows June 7 criticism of the sector by Russia’s President Vladimir Putin during a government meeting in Vologda, north of Moscow, dedicated to problems in Russian textile and light industry.There, Putin attacked the ongoing dominance of low-quality imports within the Russian rubles RUB2.2 trillion (USD65 billion) textile and clothing market. Putin told the ...
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