The potential buyer could be a Russian company or an entity from a "friendly" country
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H&M, the world's second-biggest fashion retailer, has decided to sell its assets in Russia, the Russian Ministry of Industry and Trade said on Thursday.
The potential buyer could be a Russian company or an entity from a "friendly" country - one of those that have not imposed sanctions against Russia, the ministry added.
H&M said earlier this month it had decided to initiate a process of winding down its business in Russia. (Reporting by Reuters)
Reuters
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