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Russian minister expects no collapse in case of Turkish light industry product import ban

December 29, 2015, 14:14 UTC+3 MOSCOW
Certain kinds of fabrics not produced in Russia so far is the only thing that cannot be substituted
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Russian Minister of Industry Denis Manturov

Russian Minister of Industry Denis Manturov

© Sergei Savostianov/TASS

MOSCOW, December 29. /TASS/. No collapse in the sector will take place if Russian government decides to further expand sanctions against Turkey and imposes a ban on import of light products from that country, Minister of Industry Denis Manturov said on Tuesday in an interview with Rossiya 24 TV Channel.

"No collapse will take place. If we mean ready products, our companies are ready to support the substitution and other countries are ready. To avoid illusions that Turkey is a major supplier, it accounts for less than 6% of the whole supplies range in the light industry," the minister said.

Certain kinds of fabrics not produced in Russia so far is the only thing that cannot be substituted, Manturov said. However, producers from other nations may substitute these goods in case of a ban, the minister said.

According to the minister, Russia's Industry and Trade Ministry mulled additional restrictive measures against Turkey in the light industry sector, but no concrete decision have been made yet.

"We are trying to get ready for everything in advance. Such proposals have been discussed, but as of today but no concrete decision have been made. It is yet to be considered,"- Manturov said.

He added that such decisions won’t be made in the coming days, but the Ministry may return to this issue when the government is ready to consider it.

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