Problems and prospects for the development of import substitution in Russia in modern conditions

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The article considers the features of the development of import substitution, identifies key factors affecting it, as well as problems and prospects. Particular attention among the factors is paid to the consideration of sanctions pressure, including a historical retrospective of sanctions, starting from the first sanctions imposed during the period of Ivan the Terrible and the Time of Troubles, continuing the 19th-20th centuries, the Soviet and post-Soviet periods, as well as those operating in modern Russia. A review of the discussion of domestic and foreign scientists characterizing the attitude towards sanctions as an illegal tool for competition, interference in the affairs of other states and an assessment of the consequences of sanctions for the parties was carried out. The authors identified key industries for import substitution, reflected the success and lag of the policy in various industries, disclosed obstacles and considered measures aimed at reducing the lag in import substitution.

About the authors

Sergey Bulatovich Zainullin

Peoples' Friendship University of Russia named after Patrice Lumumba (RUDN University)

Author for correspondence.
Email: zaynullin-sb@rudn.ru
ORCID iD: 0000-0001-9818-4706

Candidate of Economic Sciences, Associate Professor of the Department of National Economy, Faculty of Economics, Patrice Lumumba Russian University of Friendship of Peoples (RUDN)

117198, Moscow, Miklukho-Maklaya str., 6

Rosemary Nwachukwu Chidimma

Peoples' Friendship University of Russia named after Patrice Lumumba (RUDN University)

Email: chidimmaRnwachukwu@yahoo.com
ORCID iD: 0000-0002-6417-4224

Postgraduate Student, Faculty of Economics, Patrice Lumumba Russian University of Friendship of Peoples (RUDN)

117198, Moscow, Miklukho-Maklaya str., 6

Yaqi Zhang

Peoples' Friendship University of Russia named after Patrice Lumumba (RUDN University)

Email: 1032158359@rudn.ru
ORCID iD: 0000-0003-2670-7795

Postgraduate Student, Faculty of Economics, Patrice Lumumba Russian University of Friendship of Peoples (RUDN)

117198, Moscow, Miklukho-Maklaya str., 6

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