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Inditex chief says conditions for Russia return ‘certainly not’ in place

Latest sign multinationals that withdrew from market after assault on Ukraine are not rushing to re-enter
Inditex chief executive Óscar García Maceiras told the FT that any decision to return to Russia would only come in a ‘more favourable geopolitical environment’

Inditex’s chief executive has declared that the conditions for the Zara owner to return to Russia are “certainly not” in place, more than two years after it sold its local business following the invasion of Ukraine.

Asked what the right circumstances would be for the group to re-enter the market, Óscar García Maceiras told the Financial Times: “An environment that is not the current one, of course.”

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