Western brands reopening businesses under new names in Russian markets have spelled optimism and opportunities for Bangladesh apparel exporters. Many foreign brands are importing goods for the Russian market through other countries – Turkey, UAE and Singapore – industry insiders said. According to a Swiss study, despite widespread outrage over Moscow's war in Ukraine, few
Even a year ago before the start of the Russia-Ukraine war, Rajiv Chowdhury, managing director of Young4ever Textiles, used to ship T-shirts and polo shirts worth $1 million to Russia as the market was opening up for local exporters.
Bangladesh exports to Russia: However, Bangladesh shipped goods worth $33.52 million to Russia in the first two months of the ongoing fiscal year while exports amounted to $638.30 million in fiscal 2021-22, indicating that trade is back on track despite its slowed growth.
Sweater suppliers in Bangladesh are witnessing relatively a dull season because of a longer-than-usual dry spell in European countries and the higher cost of living fueled by the Russian-Ukraine war.