Trade: Russian Sanctions Give Retailers New Look at Romania

Russian retail sales contracted 8.7 per cent in March from a year earlier, the Federal Statistics Service said in a report published last week. That was the biggest drop since 2009, according to data compiled by Bloomberg. Conversely, retail sales in Romania advanced 3.5 per cent in February from a year ago, after growing 6.4 per cent in 2014. That compares with a 7.2 per cent decline in 2010. "In Russia, some ...

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