IMPORT SUBSTITUTION IN MODERN RUSSIA: PROBLEMS AND PROSPECTS

Abstract

The article provides a brief overview of Russia's import substitution policy and an analysis of the results achieved so far. The import substitution program in Russia is most actively implemented in agriculture, machine building, IT, pharmaceutical industry, as well as in the implementation of public procurement. The agricultural sector has achieved the greatest success in replacing imported products, but many of the targets have not been achieved yet. Based on the analysis and study of publications, the authors systematize the main problems associated with the implementation of import substitution policy in Russia at the present stage: reducing product quality because of a significant decrease in competition; increasing product prices; reducing access to technology; high level of federal, regional and local corruption; implementation of import substitution policy through public and municipal procurement, etc. The article formulates the directions to improve Russian import substitution policy, in particular: achieving technological and financial security of production facilities; increasing technical equipment of companies; development of human capital, especially in those areas that are related to import-dependent industries; support infrastructure development; development of the regulatory framework in the field of specifying the programs and roadmaps for relevant project implementation, ensuring control. Competent formation and implementation of the import substitution policy will be able to bring two important changes to the current situation in the national economy: expansion of the domestic market for national producers, which will lead to increased national security and increased demand for Russian products on the international market, which will ultimately contribute to the strengthening of the country’s economy.

Keywords

import, import substitution, economic security, economic sanctions, economic development, export

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About the Authors

Irina N. Popova – Cand. Sci. (Sociology), Docent; Associate Professor, Ural State University of Economics, Ekaterinburg, Russia. E-mail: ipopova@k66.ru. SPIN РИНЦ 7235-4783. Scopus Author ID 57202514715
Tatyana L. Sergeeva – Cand. Sci. (Economics), Docent; Associate Professor, Yaroslav-the-Wise Novgorod State University, Veliky Novgorod, Russia. E-mail: Tatyana.Sergeeva@novsu.ru. SPIN РИНЦ 5569-0460. ORCID 0000-0001-6818-0405. ResearcherID G-2978-2019

For citation

Popova I.N., Sergeeva T.L. Import Substitution in Modern Russia: Problems and Prospects // BENEFICIUM. 2022. Vol. 2(43). Pp. 73-84. (In Russ.). DOI: 10.34680/BENEFICIUM.2022.2(43).73-84