Importance The article highlights principal governmental programs for import substitution as part of the Innovative Development and Economic Modernization initiative. Objectives The research pursues identifying prospects of import substitution in Russia; analyzing its theoretical underpinning, trends in export and import in the Russian Federation, foreign trade turnover with key trade partners; finding and formulating import substitution efficiency indicators. Methods The research draws upon methods of comparative analysis, systematization, classification, analogy, and comparison. Results The article constitutes a comprehensive overview of principal governmental programs for reducing the percentage of imported goods in Russia. Conclusions and Relevance The article points out a number of governmental import substitution programs and emphasizes the significance of activities for ensuring food security, increasing the efficiency of agricultural land use, implementing the concept for governmental monitoring of land, providing the public with good food and other products made of water biological resources, and developing multiformat trade.
Keywords: import, import substitution, governmental program
References:
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