Iconic jewelry maker quits Russia ...News

Russia Today - Economy
Iconic jewelry maker quits Russia
source : Russia Today ( News ) () 36
Swarovski’s CEO cited EU-imposed trade restrictions when announcing the move Austrian crystal group Swarovski is fully withdrawing from Russia due to Western sanctions, the company’s CEO, Alexis Nasard, told Trend magazine on Thursday.    The company, which specializes in crystal jewelry, suspended business activities in Russia last March in the wake of Ukraine-related sanctions. Swarovski closed its 12 Russian stores and stopped online business, although the firm retained a presence in the country.     According to Nasard, who is the first non-family CEO in Swarovski’s 128-year history, the company cannot maintai

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