Ministry of Industry and Trade does not see “tragedy” for Russian industry because of coronavirus

Violation of the production and logistics chains with China against the backdrop of the coronavirus epidemic has not led to dramatic consequences for Russian industry yet, but authorities continue to monitor the situation.

This was stated by the head of the Ministry of Industry and Trade of the Russian Federation, Denis Manturov, and among the industries that significantly depend on supplies from China, he, in particular, called the auto industry.

“In our industry, we are working with our companies regarding the problems and delays that arise due to the limitation of production in China. What measures can be? It is the search for alternatives, of course. If, where we see and understand that this is already a critical situation and there may be a replacement, then such options, of course, are worked out by companies,” - Finmarket agency quoted the head of the Russian Ministry of Industry and Trade.

According to him, there are industries where it is very difficult to switch to an alternative supplier with an “easy move” - for example, if it is required a certification of components and spare parts. “But while we do not see such a tragic situation, we are monitoring the situation in each industry so that we do not have any emergencies,” - said the Minister.