Home Economy Half-turn to the East // New ways of logistics discussed at SPIEF

Half-turn to the East // New ways of logistics discussed at SPIEF

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Russian companies have already partially reoriented the logistics of their supplies from the western to the eastern direction: for example, the turnover of the Far Eastern ports grew by 46% year-on-year. However, the majority of market participants who spoke at SPIEF on Thursday, June 16, preferred to speak cautiously about a full-fledged “pivot to the East”: the process requires the search for new counterparties in Asia and the expansion of transport capacities. In addition, the reorientation of supplies is problematic without strengthening economic ties between the Russian Federation and China at the state level. It is the support of the authorities that could remove the informal restrictions that Russian exporting companies face. .

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