German industrial companies are finding it “impossible” or “not economically viable” and “only partially possible” to replace imports from Russia, Belarus and Ukraine, which came to a halt due to the conflict in Ukraine and the introduction of harsh economic sanctions on Moscow and Minsk, a poll by the Ifo Institute has revealed.
When asked if they’ll be able to substitute deliveries from those countries, 13.8% of the German companies polled said that “this was not possible at all,” according to the study published by the Munich-based think-tank on Tuesday.
Another 16.3% pointed out that finding other sources of supplies was “not economically viable” for them.
And a staggering 43.4% of the companies confessed that replacing deliveries from Russia and its neighbors would be “only partially possible,” with just 13.8% saying that the situation won’t cause them problems.