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National Interests: Priorities and Security
 

Analyzing import substitution activities in development strategies of the leading sectors of Russia's economy

Vol. 13, Iss. 5, MAY 2017

PDF  Article PDF Version

Received: 19 December 2016

Received in revised form: 11 January 2017

Accepted: 4 February 2017

Available online: 29 May 2017

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: B41, С82, Е61, L52, О38

Pages: 804-813

https://doi.org/10.24891/ni.13.5.804

Larin S.N. Central Economics and Mathematics Institute, Russian Academy of Sciences, Moscow, Russian Federation
sergey77707@rambler.ru

Znamenskaya A.N. Central Economics and Mathematics Institute, Russian Academy of Sciences, Moscow, Russian Federation
znam1981@mail.ru

Stebenyaeva T.V. International Accounting Standards and Control, Moscow, Russian Federation
perl77717@rambler.ru

Importance The article focuses on an analysis of activities within the import substitution strategies in the leading sectors of Russia’s economy.
Objectives The research analyzes the availability, development and implementation of activities within the import substitution strategy, and determines their composition in relation to the specifics of production processes of certain enterprises in the leading sectors of the Russian economy.
Methods The methodological framework includes certain principles of methodological documents of the Ministry of Economic Development of the Russian Federation. We also gathered publicly available information in official websites of some enterprises in the leading sectors of the Russian economy.
Results The research helped to reveal that the enterprises in the leading sectors had import substitution strategies, and analyze specific activities relating to their production processes.
Conclusions and Relevance Notwithstanding certain achievements in the implementation of import substitution strategies in some leading sectors, it is prematurely to talk about their completion. Considering tightening sanctions, enterprises in the leading sectors of the Russian economy should be prepared to outline new and more efficient activities when formulating and implementing import substitution strategies.

Keywords: Russian economy, development, import substitution, strategy

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