Council of Ministers discusses steps to develop import substitution

7 декабря 2021

The government considers import substitution as a tool of counteraction to sanctions. Specific measures for the development of this area were discussed today at the Presidium of the Council of Ministers. It is necessary to build up industrial cooperation, including with partners from Russia and the EAEU, as well as to actively involve the private sector. In addition, it is important to increase the localization of production. Now, the government is developing additional incentives for enterprises, promotion of local raw processing.

By the way, we send more than half of import-substituting products to foreign markets. This is a big plus in the export policy.