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Evening Standard
Evening Standard
Business
Rhiannon Curry

UNBELIEVABLE: Asos warns russia exit will cost it 14 million - Caught on Camera

A model in Asos clothing

(Picture: Asos)

Asos is expecting to take a £14 million hit to profits as a result of its decision to suspend sales in Russia.

The online fashion retailer said the move, announced last month, would also reduce revenue growth by 2% this year given that Russian sales had previously accounted for around 4% of its business.

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