Once a strongly emerging market for ‘Made in Bangladesh’ apparels, thanks to high demand for the local clothing items offering competitive prices, exports to Russia is said to be on the decline lately.
As per reports readymade garment shipments from Bangladesh to Russia declined sharply by 47.06 per cent year-on-year to reach US $ 180.64 million in the July-December period of the current fiscal year.
Meanwhile, interacting with the media, Managing Director of Young4ever Textiles, Rajiv Chowdhury, who once exported T-shirts and polo shirts worth US $ 1 million to Russia reportedly claimed to have stopped sending garments to Russia even if alternative shipping routes become are available now as he apprehended payment might get stuck after one of Russian buyers reportedly delayed making payments for two and a half months after the war broke out between Russia and Ukraine in 24 February last year.
“I am not exporting to Russia anymore,” reportedly also claimed the Managing Director of Rupa Group, Shahidul Islam who reportedly used to send apparel items worth half a million US dollars per month to Russia before the war.
