Recently, CCTV reported:

The Russian Ukrainian crisis continued, and the textile and leather export street in Istanbul, Turkey, was also greatly impacted. The main customers of businesses here are from Russia and Ukraine. Within a week after the outbreak of the conflict between Russia and Ukraine, customers from Russia and Ukraine cancelled orders of about US $200 million (about 1.3 billion yuan).

At present, some small-scale businesses are facing bankruptcy.

Ali, the owner of Istanbul leather shop, who has been engaged in leather export trade for nearly 20 years, has recently fallen into the biggest dilemma since his employment. Because more than 60% of his customers come from Russia and Ukraine, the business of the small store has plummeted since the outbreak of the conflict between Russia and Ukraine.

Ali said: "in the first five to six months of last year, our turnover was almost 30000 US dollars (about 320000 yuan), but since the development of the situation in Russia and Ukraine this year, our turnover is less than a quarter of the previous one."

Ali said that their business with Ukraine has completely stalled. Orders from Russian customers have also encountered serious logistics problems due to the situation in Russia and Ukraine. Since the outbreak of the conflict between Russia and Ukraine, the number of tourists from the two countries has decreased sharply, resulting in poor individual business.

Because it is located in the prime location of textile and leather street, the monthly rent of Ali's store is as high as 2000 US dollars (about 13000 yuan). But at present, business is so bleak. Ali said he doesn't know how long he can support it. Ali's dilemma is only a microcosm of nearly 7000 shops in the street.