Russian Glass Industry On Verge Of Serious Crisis

The Russian glass industry is on the verge of a serious crisis, due to the country's current economic situation and the devaluation of its national currency. According to freelance correspondent Eugene Gerden, these events have been caused by sanctions imposed by the west and Russia's counter sanctions, initiated by the country's President Vladimir Putin. Analysts from the Russian Ministry of Industry and Trade believe this situation has already posed a threat to the implementation of some of the industry's large-scale projects and may result in a significant production decline this year.