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Ivan Kotov: The embargo has slowed consolidation in the industry

Last August, it turned two years since introduction of a ban on importation of milk and dairy products from many countries, which were Russia’s main suppliers. This has resulted in a drop in the volume of imports by almost one third over the past year. At the same time, a powerful spurt in the raw milk production sector did not materialize.

Ivan Kotov, Partner and Managing Director of The Boston Consulting Group (BCG), told Milknews what kind of changes had taken place in the sector over the period and whether investors should hurry up with investments while the embargo is not lifted.

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