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The Yorkshireman
Ukraine, Russia cancel $200M orders in hit to Turkish textile industry

Ukraine, Russia cancel $200M orders in hit to Turkish textile industry​



Extract:
Textile and leather goods makers in Istanbul’s garment district are feeling the pinch of Russia’s invasion of Ukraine.

Customers in Moscow and Kyiv have canceled $200 million in orders in the past week, industry officials say.

The loss of trade adds to strains, with officials estimating that more than $1 billion is directly at risk to the textile industry alone if the conflict in Ukraine continues.

Mustafa Şenocak, head of the Istanbul Leather and Leather Products Exporters Association, said orders for "hundreds of thousands of pairs of shoes and thousands of leather jackets" have been canceled.
 

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