// Russia is looking to China, India, Iran and Turkey to fill empty shopping centres
// Dozens of big brands have temporarily shuttered operations or exited Russia since its invasion
Moscow has been grappling to find ways to combat its growing isolation in the face of sanctions.
The Russian Council of Shopping Centres (RCSC), an organisation representing developers, shopping centre owners and retail chain operators, said it was negotiating with representatives in the four countries about finding alternatives to western brands.
“A list of foreign companies that have temporarily ceased operations in Russia was sent to them so that appropriate equivalents can be found,” RCSC said.
“Over time this will help supplement or completely replace goods of the defunct brands with ones of a similar quality and design.”
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Dozens of big name retailers, including Inditex, Uniqlo and John Lewis have temporarily shuttered operations or exited the country since Russia invaded Ukraine last month.
Growing sanctions have already hampered supply chains and fuelled panic buying among some Russians, and accelerating inflation is set to send prices higher.
During an RCSC meeting of more than 100 market participants, the challenges facing Russian retailers were discussed.