Russian retail booming – study ...News

Russia Today - Economy
Russian retail booming – study
source : Russia Today ( News ) () 20
Consumer goods sales rose sharply in the summer, according to a consulting firm Retail trade in Russia this summer surpassed the levels reached prior to Ukraine-related Western sanctions, according to a study by consulting firm FinExpertiza based on data from Russian state statistics agency Rosstat. Analysts noted a decline in retail sales from April 2022 following the start of Moscow’s military operation in Ukraine and subsequent sanctions, which led to Russians “reducing unnecessary spending and building up cash cushions for the future.” Retail turnover dropped for 12 consecutive months until March 2023, before

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