Abstract

Currently, import substitution is considered as one of the priority directions of the country’s economic development, the relevance of which arose in response to the imposed sanctions of Western countries, which implies a decrease in the share of imports of products, services, technologies, the development of an industrial base in the most important industries and, ultimately, an increase in the level of economic security of the country. Despite the fact that the sanctions impose serious restrictions on the activities of leading Russian companies, in the current conditions, coupled with the ongoing coronavirus epidemic, they are a serious incentive for the implementation of the import substitution policy. Rosstat data show that the import substitution policy has led to positive consequences for the agriculture of the regions. However, the effectiveness of the state policy in the field of digitalization and the introduction of innovative artificial intelligence technologies are of particular importance for the implementation of the import substitution policy. The following positive effects from the digitalization process at the regional level, influencing the implementation of the import substitution policy, are highlighted: improving the quality of life of the region’s population; growth of labor productivity by speeding up all business processes and reducing communication time in the region; the emergence of new forms of business and new business models to increase profitability and competitiveness; increasing the transparency of business transactions and ensuring the possibility of their monitoring; ensuring the availability and promotion of goods and services to regional markets.

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