Import substitute
This year’s CTT (STT) trade show in Moscow – in fact the most extensive performance showcase for suppliers of the construction industry located in the Commonwealth of Independent States (CIS) – was a sad sight indeed (pp. 12, CTT Moscow: Hope for Improvement). Hardly any visitors were to be seen among the aisles of the exhibition hall. There were also fewer exhibitors – lights were out in the rear of exhibition hall 3, 13, for example, and the outside exhibition area was noticeably smaller.
Low oil prices and the sanctions of the USA and the EU imposed on the government of the Russian...
