Türkiye loses 20-25% of the Russian market.

Turkish manufacturers may be able to partially restore their position in the Russian market if sanctions are lifted, but they have lost 20-25% of their market share, according to Viktor Kambolov, Chairman of the Board of Directors of the Eurasian Business Federation (EADS).

Türkiye lost 20-25% of its market share in Russia due to sanctions.

"Our market has changed a lot, and Turkish goods have been pushed out. Manufacturers from Russia, former Soviet Union countries, China, Iran, Southeast Asian countries... have easily replaced, or even completely replaced, Turkish manufacturers."

"The Turks could regain about 70-75% of their market share, but they may have lost 20-25% of it entirely," Kambolov told Sputnik.

"After implementing counter-sanctions, restoring broken contracts will take a long time. Large-scale trade restoration can only be discussed after the New Year," the head of EADS added.

According to Sputnik