After all the furore over its drafting last year, Russia’s new trade law (which targets the food retail sector) quietly entered into force on 1 February. Noise levels duly rose again when Sergey Galitsky, CEO and controlling shareholder of Magnit – the regional discounter which has sustained its remarkable sector-topping growth through the recession – spoke out against the law at last week’s big investment conference in Moscow (Troika’s “Russia Forum”). Listening to Galitsky’s...
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