Russia is depending on Central Asia to bring in $20 billion worth of goods through parallel imports. Online retailers and logistics operators in Russia are facing a shortage of vacant sites to expand their warehouse capacity in Central Asia.
Russia is depending on Central Asia to bring in $20 billion worth of goods through parallel imports.
In part by funneling goods through Kazakhstan and Kyrgyzstan, Russia managed to bring in $20 billion worth of goods between March and December 2022, Kommersant business daily on April 10. Other countries relied upon for this parallel import strategy include Armenia, Belarus, Georgia, and Uzbekistan.
Armenia, Georgia, Kazakhstan, Kyrgyzstan, and Tajikistan are said by analysts to have no vacant sites. Uzbekistan has some marginal capacity to offer newcomers. But it does not sound like Wildberries is especially interested in all this lofty talk. It just needs to solve a pressing business problem and wants to do so without incurring too much financial pain. This strong pragmatism may be ruffling some feathers in Astana. complained
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lowest demand for cash since central banks hoarded notes over millennium bug fearsBritish banknote maker De La Rue issued a trading update saying it again expects profits to be lower, this time as a result of decreased demand.
Read more »
Asia Rushes To Buy Spot Oil Cargoes After OPEC+ Cuts | OilPrice.comThe biggest oil importers in Asia have been snapping up June-loading spot crude cargoes from the Middle East since OPEC+ announced a cut.
Read more »
Slovakia’s central bank boss rejects call to resign after bribery ruling\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Brittney Griner Announces Memoir About Imprisonment in RussiaSaying she is ready to share the “unfathomable” experience of being arrested and incarcerated in Russia, basketball star Brittney Griner is working on a memoir that is scheduled for spring 2024.
Read more »
Deutsche Bank to close down its remaining IT operations in Russia\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Sanctions-busting exporters sent $2bn of tech to RussiaSanctions-busting exporters sent $2 billion of tech to Russia through China, Hong Kong, and the UK in 2022
Read more »