Author: Yvonne Lau

Russian tourists descend on Belarus to shop at Zara, H&M, and open bank accounts

Finances

[ad_1] Previously six months, Western manufacturers from Nike to IKEA have ditched the Russian market to protest Russia’s Feb. 24 invasion of Ukraine.  The worldwide company exodus from Russia has led to shortages and surging costs for shopper items, like iPhones, different electronics, and residential home equipment. It has additionally created a thriving ‘parallel import’ market, the place consumers outdoors of Russia load up on overseas garments, vehicles, and tech merchandise, and resell them again in Russia.  Now, one other pattern is rising as Russians attempt to get their arms on Western services not provided of their nation: flocking to…

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