OREANDA-NEWS Russian owners of shopping centers plan to replace foreign brands that have left the Russian market with Turkish counterparts, writes Hürriyet. Citing the importance of trade relations between Turkey and Russia, the authorities of both countries said that the dialogue on import substitution has entered a "new phase". The publication noted that the Russian owners of shopping centers expect to receive "a lot of money" after the sale of goods of Turkish brands.

"Negotiations between Turkish brands and Russian mall investors, which have accelerated in recent months, have become an important topic for the delegations of both countries. Russian officials stressed the importance of trade between Turkey and Russia, describing the trade relationship as entering a "new stage," the statement said.

Journalists of the newspaper noted that the President of the Russian Council of Shopping Centers (RSTC) Dmitry Moskalenko is participating in the dialogue on import substitution between Russia and Turkey. He believes that after the departure of foreign brands in shopping centers throughout Russia, an area equal to 420 football fields will be vacated, which Turkish brands can occupy.

We predict that this fall, 3 million square meters in the retail sector, equal to 420 football fields, will be vacant across Russia. For Turkish brands that are not yet in Russia, we will provide the best shopping centers, starting from Moscow. We are negotiating for Turkish companies to stay in Russia for a long time and make profitable investments. Russian consumers very warmly accept Turkish brands,” Moskalenko said.

Earlier, the press secretary of the President of the Russian Federation Dmitry Peskov did not agree with the opinion of Senator Andrey Klishas that the import substitution program had failed. According to him, of course, there are unfulfilled plans, but it should be taken into account that the Russian economy does not exist in ideal, but in aggressive conditions.