Russia - Scrambling To Cut Costs By Producting Locally

The precarious state of the Russian economy, with the ruble down 75% since last August, has meant that most Russians can no longer afford to buy imported goods. This has led to multinationals, especially those in the food industry, slashing costs by switching from importing to local manufacturing. Such a trend is likely to have quite significant implications on the glass packaging indstry because of the very real possibility that this sector too will be compelled to manufacture locally.