IMPORT SUBSTITUTION IN RUSSIA: THE PACE OF DEVELOPMENT AND BASIC TRENDS

Vadim Isakov Student

Гагарина Нафиса Миннуловна Senior Lecturer of the Business Foreign Languages Department

Аннотация

The article describes the pace of development of import substitution in Russia, and analyzes the factors that influence its development. The main objectives of the strategy and major economic consequences are considered. The impact of mutual sanctions on the economic development of the country was studied, which necessitated a policy of import substitution. The analysis of Russian foreign trade structure and the market dynamics for certain product groups are carried out, according to which the preliminary results of import substitution are made a summary. The results reveal the main problems of implementation of the import substitution programme, the solutions to which are also suggested.

Ключевые слова: Import substitution; Russia; the Russian economy; sanctions; foreign trade turnover; export; import; the results of import substitution.

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