Import substitution in the industrial sector: analysis and facts

Abstract

Abstract Sanctions policy against Russia is one of the most pressing political and economic issues since 2014. This format of international relations, of course, created a number of problems, but also allowed to make a breakthrough in the domestic industrial sector. Import substitution has become the main vector of movement of almost all sectors of the Russian economy. Currently, there are more than 1,100 import substitution projects in Russia in critical industries, 342 of which have reached the stage of serial production, and more than 760 are still “at the final stage” of implementation.

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