Türkiye loses 20-25% of Russian market
Turkish manufacturers can partly restore their positions on the Russian market in case of lifting of sanctions, but they have lost 20-25% of their market share, Chairman of the Board of Directors of the Eurasian Business Confederation (EADS) Viktor Kambolov said.
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| Türkiye lost 20-25% of its market share in Russia due to the embargo. |
"Our country's market has changed a lot, and Turkish goods have been pushed out. Russian producers, former Soviet countries, China, Iran, Southeast Asian countries... have easily replaced, or even completely replaced, Turkish producers.
The Turks can return to their positions in the range of 70-75%, however 20-25% of the market they may have lost completely," Kambolov told Sputnik.
"After the implementation of counter-sanctions, the restoration of broken contracts will take a long time. The restoration of trade on a large scale can only be talked about after the New Year," the head of EADS added.
According to Sputnik
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