This was stated by the head of the Bank of Russia, speaking in the State Duma.
«Due to the sanctions, Russian consumers and producers are losing access to import and export markets, finished products, components. And problems may arise even when production is highly localized, when there is already quite high import substitution» — said the head of the regulator.
As an example, she cited the difficulties of the Russian industry with the purchase of sewing accessories, the main suppliers of which were from the European Union.
«For example, buttons. They are made in many places. But as companies tell us, according to their estimates, finding new partners, logistics may take up to several months,» said Nabiullina.
He says it’s the same in the paper industry. «Our wood is entirely Russian, but the bleaching chemicals were imported. Now manufacturers are switching to alternative suppliers to produce their own chemicals, but time is also needed,» noted the Central Bank president.
The food industry also has domestic raw materials, but ordinary foreign packaging urgently needs to look for a replacement, which will also take some time, concluded Nabiullina, reports RIA Novosti.
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