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Zara replacement flops in Russia – survey

The Lebanese clothing brand MAAG, which replaced Zara after it ceased operations in Russia, has been labeled the disappointment of the year, RIA Novosti reported on Tuesday, citing the Union of Shopping Centers (STC).

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Russia and China no longer using dollar in trade – Mishustin

Moscow and Beijing have switched to settlements in national currencies, according to the Russian PM Western currencies have almost been completely phased out in Russia-China trade, as nearly all payments between the countries are now carried out in rubles and yuan, according to Russian Prime Minister Mikhail Mishustin.

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Danish beer giant loses landmark Russian case

The Russian court has satisfied a claim by Baltika Breweries allowing it to continue to use the beer brands of its former partner, the Danish brewer Carlsberg, according to a post on Russia’s information portal Digital Justice.

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