Russian-made goods account for 45% of the Russian light industry market, Industry and Trade Minister Anton Alikhanov said on September 29, according to RT [1]. Alikhanov spoke at the BRICS+ Fashion Summit in Moscow, an event held as part of Moscow Fashion Week that focused on industrial development, local production, technology, and the future of the fashion market in BRICS and other emerging economies [1].
According to the minister, the 45% domestic share is close to the current target of 50% set out in Russia’s Light Industry Development Strategy through 2035 [2]. He added that in an updated version of the strategy, which is expected to be approved by the end of 2026, the target share is likely to be raised to at least 60% [1].
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