According to a report from Russia News on May 2, Nikitin, the First Deputy Minister of the Russian Ministry of Industry and Trade, said that in Russia, textile production has occupied a certain market, and textile production will become a growth point for the Russian economy. Nikitin also said that sanctions and restrictions imposed on Russia by Western countries, led by the United States and Europe, help Russia develop its industrial potential, and the depreciation of the ruble makes Russian products more competitive. An important task at present is to introduce Russian products into international markets such as Latin America and Asian countries. The size of the Russian domestic market cannot ensure long-term stable growth of the Russian economy. Only relying on exports can promote long-term, rapid and efficient growth of the Russian economy. Textile production will become the growth point of Russia’s economy
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