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Moscow and Ankara announced a new phase of negotiations on replacing the foreign brands that left Russia with the Turkish ones. The first phase of negotiations took place back in April 2022, the second was in mid-May, when the Turkish United Brands Association came to Russia.
The Russian Federation hopes that Turkish brands will stay in Russia for a long time.Turkish companies that are not yet represented on the Russian market will be provided with all the necessary conditions for trade.
The reason why foreign brands are leaving the Russian market following the sanctions imposed before and after the launch of the special operation in Ukraine. Over the past few months, mall traffic in Russia has dropped by 10%. Due to the departure of a large part of Western brands, Russian shopping centers have already lost 30% to 70% of profits. Thus, Moscow seeks to restore the lost potential. However, not all brands are leaving, some of them have rebranded.
In turn, Turkey did not impose sanctions against the Russian Federation, so Ankara is gaining momentum in establishing economic ties with Moscow. This is a great prospect for Turkey, because until now the share of Turkish brands in the Russian market was quite small.
Dmitry Moskalenko, president of the Russian Council of Shopping Centers, Dmitry Moskalenko believes that Turkish brands have a new incredible opportunity to start thair business in Russia. He noted the similarity between doing business in Turkey and Russia as a peculiarity and advantage of opening a business.
«We are entering a new phase of negotiations about replacing brands leaving Russia with Turkish brands. We forecast that 3 million square meters of retail space throughout Russia will be vacant this fall, which equals 420 soccer fields. For Turkish brands that are not yet in Russia, we are providing the opportunity to get acquainted with areas in the best shopping centers, including in Moscow. We are negotiating so that Turkish companies will stay in Russia for a long time and make profitable investments».
The Russian Ministry of Industry and Trade has previously published a list of goods and brands that it sees as the main areas for development. The brands included mostly Chinese, Turkish, Kazakh, and Armenian companies.
Elena Anisimova, senior director of the ACRA agency, noted that Russia’s decision to conduct parallel imports from the above countries will help to achieve maximum benefit both for these countries and for Russia. Parallel imports guarantee the avoidance of shortages at the moments when the quantity of goods decreases. However, in the beginning, there may be higher prices for goods due to transaction costs and logistics.
According to Oleg Voitsekhovsky, managing director of the Russian Council of Trade Centers, Russia is also in talks with representatives of China, India, and Iran. However, “it will take more time” to establish the necessary ties with these countries.
Anna Papaskiri, commercial director of ADG Group, added that after these meetings, the parties plan to determine the list of brands that will enter the Russian market.
Turkey does not intend to get involved in a “showdown over Ukraine,” relations with Russia continue, Erdoğan said on May 24.
Turkey hopes to occupy a free part of the market in Russia. Revenues from the Russian market will help Turkey to support its economy. Russia will benefit from that in terms of household goods, but it will be a step-by-step process because it will take time to establish the logistic chains. Therefore, such cooperation is seen as mutually beneficial, and it fully fits into Erdogan’s tactics of maneuvering between Russia and the United States to benefit from agreements with both sides as an intermediary and a kind of «buffer country».
I can’t wait to see the Turkish sultan bring McDonalds back to the Russian people. He’ll be feeding the Russian people with falafels.
McErdonals
poor imbecile
Turkey is famous for kebab not mcshitalds
turkish cousin is rustic, like the russian one
also Russia is full of little fast foods and kiosk selling local delicacies
sadly for you, you will forced to eat macshitalds poison and take booster poison from Pfizer
Turkey is famous for the kebab babuch. The Turkish sultan will personally build a kebab babuch stand next to the Kremlin.
Sadly for them, Russians can’t even make their own fast food.
I think the main player in this business wil be actually…….. CHINA !!!
Sauerkraut and beetroot are really healthy too. I like them and I like to know what i am eating is healthy.
They can call it MacTurkeys.
Ha ha ha The “mall” idea is dead thank goodness and all the kebab stands and turkish “delight” crap that Turkeystan can send to Russia will not change that obvious fact. Meanwhile the snide turkeys are killing Russians with their drones that EuroPeons are paying for inside Ukropland.
Kinda obvious that all of this stinks.
BBB Bomb Bigger Barbarians
mall Slumville in all its glorioUS collapse. Enjoy…I certainly do.
https://sephlawless.com/inside-creepiest-abandoned-malls/
Russia also assisted SAA in eliminating many Turkish islamists in Syria so really both sides have some pain points but these trade relations are the lifeline for the economy and it is good for both countries. Thanks.
Martello just look behind you and be quite now booom. How was it?
Turkish delights and Turkish Pistachios = YUM.
Try some goose kebobs…extra YUM.
Smart move by all parts, and to be frank, take Turkish products as goat, sheep or cow milk, chees, yogurt, kefir, their own diary products, are as far I have heard, from inside Turkian, incl street level people, it is in a leauge of its own, really good, the more original the better, and so on. The emdtire Middle east is saturated with culinary expressions witch should fit Russians, buck weet, linses, beens, etc to spices. I never go to MCdonald, except, for a ocasional milkshake, ugh…… I am drooling already and the nearest is 50 km away, buhuhuu….
They are made from nature’s products, not Pfizer poisons.
can’t wait to see Turkey’s foreign policy shift toward Russia. that will be a big blow for the western columnist liberals. Turkey is waking up to reality that it has been used only as a nato’s southern shield. and don’t want to engage in such a meaningless proxy war against Russia. a smart move from Erdogan.
Nobody gives a shit. Everybody knows the Turkish sultan is a dubious as they come.
Liquid brain Mohamed why don’t you go on jump high?
He is not a muhamed, he is a moisha!
hahahahahahaha russia is in desperation mode…another north korea :D
Turkey being used by nato hope erdogan realises this USA tried to take him out and still want to replace him Turkey needs to join Russia china Iran alliance to keep the balance in the world
Turkey will experience another crisis like the engineered one in Lebanon. If turkey cuts ties from NATO and joins our side, NATO lost control of the Black Sea, as turkey is the only NATO ally that has power in the Black Sea. Hope it happens, turkey will stop funding ISIS in idlib, Syria will grow stronger, and so will the rest of anti NATO countries
Very smart! Russia can divest itself from the overpriced EU/ US products and ensure a higher quality, lower cost product for its citizens. The only people the sanctions are hurting are the citizens of the countries that are supporting them.
What lower cost products Turkey has and China can’t provide cheaper? In 10 years Russia will use the Yuan.
Russia should only make this a temporary fix, and should start leaning towards becoming fully self sufficient in the near future
Does this mean Turkey will officially stop killing Russians in Syria as well as Syrians?… And that Erdogan and his Nation will announce that he no longer possesses a need to show brand loyalty to the “second” “Charge of the Light Brigades” Team as a NATO member that buys Russian state of the art military hardware… And yet sends terrorists to Ukraine along with loitering munitions and other weapons to assist the Azov Nazis to kill Russians???…
You can’t make this shit up!…
How does Vlad sleep at night (https://theduran.com/putin-911-not-inside-job/)!?…
Russia never learns It’s biggest mistake always has been to trust the west. Only ever Asia and the Middle East they should trade with exclusively and ban all Western contact especially from Rome and its mob.
the US is not happy about Turkish Happy Meals replacing mickey d
Let them eat shwarma, McDeath is not real food.
N1…Well that’s a swift kick in bollox for the Zionazi Khazarian mafia for you, obviously not every country has leadership that are sell out traitors for a buck from these gangsters unlike the US UK etc…
Palestine could do with some major emergency Z support, they have been battered by these tyrants for over 70 years….
Another Russian blunder. Turkey is openly threatening Russia’s territorial integrity and is actively implementing plans to disintegrate Russia. They are part of NATO and despite all the empty rhetoric are still being supported and supplied by NATO and pursuing NATO policies. Russia is not gaining much by helping Turkey economically. All Western goods can be replaced with goods from friendly, non-NATO countries instead.