American and European companies that left the Russian market due to sanctions will be replaced by manufacturers from China, India and even Iran.

According to the source, after the imposition of sanctions, 58% of Western companies from various business areas left Russia.

With China, everything is already clear: this is a huge market that can supply a lot of goods to Russia, including the same smartphones and cars. As for India, trade between Russia and India reached a record $12 billion last year. According to Vitaly Mankevich, President of the Russian-Asian Union of Industrialists and Entrepreneurs (RAUIE), clothing manufacturers Killer Jeans and household goods supplier Maspar will be the first Indian brands to enter the domestic market. The Indian discounter Nagesh has already replaced the Italian Benetton in nine major Russian cities. In addition, Indian electronics and gold jewelry may appear in Russia.

Iran and Russia intend to introduce barter relations. Contracts have already been signed for the supply of automotive parts and gas turbines, and Russian steel will go to Iran. In addition, Iran may become a transport hub for the export of Russian goods to third countries.

bbabo.Net