In Russia proposed to update the plans for import substitution

the Ministry of industry and trade of the Russian Federation considers it appropriate to update the plans for import substitution in Russia. The head of the Ministry of industry and trade Denis Manturov said today during an online meeting of the deputies of the faction “United Russia”.

“We must soon update all import substitution plans, generating new targets for the period up to 2024-2025 years, and to provide all necessary support — administrative, legislative and financial”, — quotes RIA “news” the Minister.

however, he believes that “all funds from state and Federal government authorities need to concentrate primarily on the Russian segment.”

Manturov believes that the key principle of import substitution should be the competitiveness of products on foreign markets, notes TASS.

earlier today the Prime Minister of the Russian Federation Mikhail Mishustin announced that a national plan for the recovery of the Russian economy is ready, and his goal is to bring the country to a sustainable path of economic growth. He said that later Monday the plan will be presented to the presidential administration.

As pointed out by the Prime Minister, the main goal of national plan — “access to a sustainable path of economic growth, increasing real incomes on the basis of use of modern technologies, digitalisation and new opportunities in the labour market, education, fast and high-quality housing.”

“the plan will not only reverse the situation created by the spread of the new coronavirus infection, but also to initiate long-term structural changes in the economy and its further strengthening,” — said Mishustin.

the Prime Minister assured that “the document was prepared taking into account the proposals of the regions and representatives of the business community.” “The plan consists of 9 sections and contains over 500 events in various areas. It is necessary to perform until the end of next year,” — said Mishustin.

let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures, under which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national plan for long-term development of the economy, the recovery in employment and incomes.

on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.

Stories about how you tried to get help from the Russian state in terms of coronaries and what came of it, email it to