It will take Russia three to six months to restructure logistics across industries, Minister of Industry and Trade Denis Manturov told the Rossiya 1 television network.
The official explained that the flows of goods would be redirected to “the countries that are ready” to handle them.
Over the past month, many Western companies have announced the suspension of operation in Russia. The world’s largest container operator, Maersk, has temporarily stopped accepting applications for transporting goods to and from major Russian cities.
“This is the first official estimate of the time we will need to reorganize supply chains. Three months sounds too optimistic, but six is quite feasible,” economist Sergei Khestanov, Associate Professor at RANEPA, comments. “The supply of brands that have officially left Russia is a different story though.”