Is EU's Sanctions Against Russia A Good Thing For Chinese Textiles?

Here world Clothing and shoes The Xiaobian of the network tells us that the EU's sanctions against Russia have not beneficially contributed to the export of Chinese textiles.

Recently, the United States and the European Union have been sanctioned by Russia for swallowing up the Crimea incident. Some media have pointed out that with the expansion of the scope of anti sanctions, fur as an important import commodity of Russia may be included in the list, which will benefit Chinese fur export enterprises.

Recently, the United States and the European Union have been sanctioned by Russia for swallowing up the Crimea incident. This also includes the textile and garment industry. Some European and American media and domestic media have made speculation that "China will get the opportunity". Is this really the case?

In March this year, the United States and the European Union formally launched sanctions against Russia. Subsequently, the Russian government also adopted a series of anti sanctions measures, and the friction between the two sides intensified. The field of textile and clothing was also affected. First, the German sports brand Adidas decided to close several Russian branches and reduce the increase in store plans. Adidas has more than 1000 outlets in Russia, with annual sales of 1 billion euros, accounting for about 10% of the total. Reducing the Russian market will cause a big blow to the brand.

Subsequently, the British fashion brand NewLook announced the suspension of its expansion plan in Russia. This year, NewLook has just deployed a new development plan. Russia is one of the 4 markets that it is preparing to focus on.

EU sanctions sanctions on Russia again in August

Appeasing Ukraine and threatening Russia. The EU's further sanctions against Russia on the Ukraine crisis remain unresolved at the special summit on August 30th evening. The 28 member states of the European Union are clearly divided in their attitude towards Russia. EU leaders can only ask the executive authorities to "seize the time" to prepare for more sanctions.

While analyzing the EU's attitude toward Russia, the Reuters pointed out that EU leaders threatened sanctions against Russia, but they were afraid of a new "cold war". At the same time, the European Union countries are also trapped in their "warm and cold" economic situation, so they hope to give Russia another chance to "return to peace".

Barroso revealed that in March this year, the European Union passed the package assistance package for Ukraine, which has mobilized more than 500 million euros in loans and 250 million euros in aid payments. It may also mobilize more than 1 billion euros in loans in the next few months.

Barroso pointed out that the situation in Ukraine has been "very serious" and hoped that Poroshenko will make every effort to restore peace in the eastern part of Ukraine.

In August 29th, Barroso talked with Russian President Putin on the situation in Ukraine. He said on the phone that the European Commission is doing its best to help the parties solve the crisis. After all, it is not too late to find a political solution. Barroso stressed that confrontation is not conducive to the interests of any side, and he expects Russia to change its course of action.

It is reported that due to the further increase in sanctions against Russia and the withdrawal of business from Europe and the United States, some international media and domestic media have made speculation that China will get the opportunity. But in the eyes of Chinese businessmen who are engaged in trade with Russia's textile and clothing industry, there is another scene. The Russian market is not as good as it looks.

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China's export of fur to Russia has been reduced by sanctions.

Unlike other fur market in the world, fur clothing can not only highlight wealth but also necessities in the eyes of Russians. Some people even say that fur is the third major demand for Russians after their homes and cars. Fur is everywhere in buses, subways, theatres and social occasions. The average Russian middle-class family owner owns 7-8 sets of fur clothing, and the average family also has to buy two or three sets of fur clothing.

Some media have pointed out that with the expansion of the scope of anti sanctions, fur as an important import commodity of Russia may be included in the list, which will benefit Chinese fur. Exit Enterprise.

However, in the view of Jing Wong, chairman of Wendeng Jin Xin fur Co. Ltd., it is far from good. She said in an interview: "the situation in Europe and America has made Russia fall into a more economic recession." Our main customer groups are from Russia. In previous years, this is the peak season for fur clothing sales. Many Russian customers are coming to prepare for the winter. This should be the busiest time for us. However, the volume of turnover this year has decreased significantly, which has been reduced by half over the previous years.

Because of the cold and long winter in Russia, fur clothing is a necessity in the eyes of Russians, and this is also a sign of their wealth. Most women in Russia have many fur, and even many consumers loan to buy fur. Such a consumption concept has prompted Russia to become one of the largest fur consumers in the world, with sales increasing at about 25% per year.

This year, however, things seem to be changing. Jing Wong not only received a reduction in the number of orders, but also reduced the price per sheet. She said: "customers have repeatedly asked us to cut prices, these are old customers, they repeatedly stressed that the current economic situation in Russia is not good, we can only make concessions." In order to keep orders, Chinese exporters can only bear the burden of reducing profits.

Jing Wong also said Russian customers and other pairs. Leather and fur The biggest difference between customers in larger demand countries is that they have higher requirements for quality, such as the grade of fur, the quality of lining and the degree of meticulous work, which are higher than those of consumers in Central Asian countries. Now, however, the sluggish economic situation has forced them to abandon high-quality products. At this time last year, customers from Russia also asked for better quality products when they came from Jin Xin fur, but this year they turned out to be: hope that the products will be cheaper and the price will be cheaper.