Hürriyet learned about the new phase of negotiations between Moscow and Ankara to replace brands

The Hürriyet newspaper learned the details of the negotiations on replacing the brands that left RUSSIA with Turkish ones. According to the newspaper, Turkish companies can occupy retail space in the amount of 3 million square meters.

Negotiations between Moscow and Ankara on replacing brands leaving Russia with Turkish ones have entered a new phase. This is reported by the newspaper Hürriyet with reference to the President of the Russian Council of Shopping Centers (RSTC) Dmitry Moskalenko.

The first round of negotiations took place in April, the second - in mid-May during a visit to Russia by the Turkish United Brands Association (BMD).

“We are entering a new phase of negotiations on replacing brands leaving Russia with Turkish brands,” Moskalenko said.

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He also predicted that this fall in Russian shopping centers will remain vacant area of ​​3 million square meters. m. “For Turkish brands that are not yet in Russia, we offered the opportunity to occupy the best shopping centers, including Moscow ones. We are negotiating so that Turkish companies stay in Russia for a long time and make profitable investments,” Moskalenko added.

According to RCTC Managing DIRECTOR Oleg Voitsekhovsky, Russia is also negotiating with representatives of CHINA , India and Iran. However, it will "take more time" to get them up and running.

The negotiations were also attended by commercial director of ADG Group Anna Papaskiri. According to her, following the results of the negotiations, a list of brands that will enter the Russian market will be drawn up.

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Since the end of February, after the introduction of anti-Russian sanctions, a number of Western brands have left Russia. 

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In particular, Henkel, H&M, Acer, Dr. Oetker, Valio, Paulig, IKEA, Harley-Davidson and others.

В начале марта свои гипермаркеты в России решила закрыть сеть OBI, в апреле стало известно о продаже головной компанией OBI GmbH своего бизнеса в России основателю консалтинговой компании «Аудит груп» и юридического агентства «Сезар консалтинг» Борису Любошицу. 

In mid-April, a draft law on the external management of companies that left the Russian market was introduced to the State Duma. A temporary administration may be introduced in a company if at least 25 percent of the share is owned by a citizen of a country unfriendly to Russia and the organization is essential for ensuring the stability of the Russian economy. The organization will fall under the second condition if it produces essential goods; occupies a dominant position in the market; is the sole manufacturer of any product; provides employment for at least 25% of the working population of the city; the cessation of its activities threatens the death of people or catastrophes, rising prices; it participates in a chain of significant productions. The decision on the provisional administration will be made by the Ministry of Economic Development.