INTERIM RESULTS AND PROSPECTS FOR THE DEVELOPMENT OF IMPORT SUBSTITUTION POLICY IN THE RUSSIAN FEDERATION

Author(s): Kostrova Yu.B., Shibarshina O.Yu.

Rubric: Economy

DOI: 10.21777/2587-554X-2023-4-23-31

Release: 2023-4 (47)

Pages: 23-31

Keywords: import substitution, import substitution policy, export, import, high-tech production, sanctions, economic security

Annotation: This article summarizes the interim results of the implementation of the import substitution policy in the Russian Federation and determines the prospects for further development. The analysis made it possible to determine that by the beginning of 2022, no noticeable results had been achieved in this direction. The authors note that in the current realities, the implementation of the Russian import substitution policy was complicated by external political pressure on the one hand, and accelerated under such influence on the other. Under these conditions, the development of the idea of import substitution received a powerful incentive. However, these processes do not occur uniformly in all sectors of the economy. Along with the leaders (agriculture, transport industry, etc.), there are outsider industries (IT-industry, chemical industry, etc.). In conclusion, the authors consider three scenarios for the further development of the import substitution policy and determine that for its successful implementation it is necessary to focus on the most important sectors for the country’s economic security.

Bibliography: Kostrova Yu.B., Shibarshina O.Yu. INTERIM RESULTS AND PROSPECTS FOR THE DEVELOPMENT OF IMPORT SUBSTITUTION POLICY IN THE RUSSIAN FEDERATION // Economics and Management. – 2023. – № 4 (47). – С. 23-31. doi: 10.21777/2587-554X-2023-4-23-31