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Breakingviews - Russian shoppers weaken case for companies to stay

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Consumer goods giants are cutting back in Russia. They make way for local rivals and Asian competitors to gain market share. The effect of sanctions on disposable incomes, however, makes the financial logic less compelling, says dasha_reuters

The risks of staying may not be worth it. Discretionary spending is bound to fall in Russia. Despite the country’s large and youthful population, its consumers already have lost 34% of their purchasing power against the yuan since the Ukraine invasion, even with central bank intervention and capital controls.

- Nestlé said on March 9 it suspended investment in Russia after its earlier decision to stop advertising there.

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dasha_reuters They are plenty of places paying higher for what is sold in Russia. Do you really think people walking around with an iPhone & LV in Moscow paid a real market price for it? 1/2 of luxury goods in Russia are fake or black market distributions including stolen luxury cars.

dasha_reuters For how long will humanity continue to live in this darkness and oppression? Qasim has been shown the way out and towards the righteous path, the path walked by Prophet Muhammad SAW. He has received divine messages about the future, i think he is the Mahdi

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