Onslaught of customers: Ikea kitchen stops sale in Russia – THE WORLD

Onslaught of customers: Ikea kitchen stops sale in Russia – THE WORLD

The world’s largest furniture retailer Ikea stops in view of a customer Onslaught temporarily the sale of kitchens in Russia. On Saturday, the sale should however be resumed, the Swedish company said on Thursday. Ikea had announced to raise prices in Russia.

The Russians stock up for the decline in value of the ruble in goods such as cars, consumer electronics and kitchens. You want to protect yourself from a loss of value of their savings and rising prices. This year, the ruble has dropped by about 45 percent against the dollar. Reason is the decline in prices for oil, the main export product.

Due to the slump in Russian rubles stop the first car manufacturer sales to Russia. The Opel’s parent General Motors (GM) has already begun on 16 December for an unknown period, the company said. Because of the fluctuations wanted to keep the business risks under control, it said. Audi stopped the supplies to dealers until early next week to check the prices, said a spokesman for the Volkswagen subsidiary.

The regular sale in the car dealerships run but further ordered new car would be delivered. VW itself continued to sell cars in Russia, but look with concern to the local market, a spokesman said.

GM will already ordered models of Cadillac, Opel and Chevrolet still passed at the agreed prices to customers. Jaguar Land Rover sales continued its up to this Friday off.

BMW has been trying for the summer, cars for sale in other markets after the demand for new cars in the course of Ukraine crisis and falling oil prices slumped dramatically.

• Partnerships
• Imports
• exports

A weak ruble ensures that the Russian car prices become converted into dollars or euro. That leaves the local sales and at the end also disappear winning the manufacturer -. To red numbers

Given the severe crisis in the auto market had the Russian Government announced in early December to extend the scrappage scheme until the end of 2015. Russia had introduced the scrappage scheme modeled on Germany in September.

“External factors” were to blame for the economic crisis

              This is the first press conference with Vladimir Putin, since the sharp depreciation of the Russian currency. . The current economic difficulties “external factors” provoked, so Putin Source: Reuters

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