Senior Kremlin official admits Western sanctions ARE taking their toll on Russia as he says measures have ‘practically broken’ all trade routes in and out of the country
Minister of Transport Vitaly Savelyev made the comments to reporters Saturday
He said Russia was being forced to find alternative routes to continue trade
Western sanctions have all but closed Russia’s traditional trade routes to Asia
Instead, Savelyev said Russia is considering using the North-South trade route
The Kremlin official said there are three key Russian ports on the Caspian sea that could be involved in the North-South route that is being considered - the Olya port, the Astrakhan port and the Makhachkala port - according to Interfax.
However, he implied these ports do not have the capacity to cope with the level of trade Russian previously enjoyed using other routes.