Import Substitution as an Economic Measure under Conditions of Anti-Russian Sanctions

Abstract

Economic sanctions which already have been introduced and which western politicians threaten to introduce concerning Russia, naturally complicate functioning of domestic economy. Already established delivery chains of goods and services collapse, the developed economic relations between the enterprises and branches are broken off. But there is also a positive moment in that process. The developed situation has made the Russian authorities to pay serious attention on overcoming of dependence of some branches of domestic economy on foreign production and to start developing production aimed at import substitution of goods and materials in the regions.