| As Russia's worsening economic situation crimps investment, the state-run Russian Direct Investment Fund (RDIF) is negotiating with major retail chains to finance construction of new stores, the Vedomosti newspaper reported Monday, citing sources close to the negotiations.
Major retail chains like French hypermarket group Auchan require large-scale financing for store expansions, but access to cheap credit has been drying up as the falling price of oil and Western sanctions over Moscow's role in the Ukraine crisis isolate Russia from global sources of capital and propel the economy toward recession...............................................Full Article: Source |