An unprecedented price hike in the Russian coatings market has hampered the Russian building industry and even jeopardized some projects under government contracts. Since the beginning of 2021, the average price of coatings in Russia jumped by 34.6, Yuri Agafonov, president of the Russian road builders association ASDOR, said. The same estimation has been provided by the Russian Building Association, whose members are alarmed over a sharp rise in prices for the entire range of building materials since the beginning of the COVID-19 pandemic.
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