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Government of Import Substitution as a Factor of Russian Economy Development

  • V. V. MoiseevEmail author
  • O. A. Sudorgin
  • V. F. Nitsevich
  • V. B. Slatinov
Conference paper
Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 138)

Abstract

The article concluded that economically literate policy of import substitution can be a catalyst for growth of the Russian economy, development of science, to overcome the technical gap, the revival of the investment climate. To reduce Russia’s dependence on imports in the country, the political leadership adopted a program of import substitution.

The problems of import substitution become even more urgent in connection with the Western sanctions imposed against Russia in connection with the events in Ukraine. A number of Western countries announced the possibility of imposing harsh sanctions on the Russian economy. This stepped up the process of import substitution in Russia, including at the level of state policy. This was manifested in a decrease in imports and high growth rates in a number of industries oriented to the domestic market, including in manufacturing, construction, and agriculture. Concludes that despite numerous difficulties, the policy of import substitution in modern Russia has the real potential.

In this article, the authors not only analyze problems of import substitution, but also identify the main ways to accelerate these processes in Russia.

Keywords

Economic sanctions Technological gap The strategy of import substitution 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • V. V. Moiseev
    • 1
    Email author
  • O. A. Sudorgin
    • 2
  • V. F. Nitsevich
    • 3
  • V. B. Slatinov
    • 4
  1. 1.Shukhov Belgorod State Technological UniversityBelgorodRussia
  2. 2.Moscow State University of Humanities and EconomicsMoscowRussia
  3. 3.Moscow Automobile and Road State Technical University MoscowMoscowRussia
  4. 4.Kursk State UniversityKurskRussia

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