Russian autarky is a flop: shoe factories are failing

Russian autarky is a flop: shoe factories are failing

Russian’s own goal. The government’s aim was to boost local shoe production. The result is that many shoe factories are failing. Why? First, because the legalisation of parallel imports decided by Moscow has been a treat from heaven for counterfeiters. And second, because made in Russia is too expensive for several reasons. Meanwhile, the shoe…

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