Abstract

In 2014, Russian Federation was restricted in importing of foreign equipment and component parts by countries that were NATO members. In that situation, the importance of national security issues increased. To deal with those issues, a range of different measures such as economical, organizational and legal were to be applied. After a long time, once again Russian Federation faced the problems concerning import substitution. National security issues are strategically important, solving these issues effects national economics defense potential. Russian Federation followed the import substitution strategy and started to support domestic producers. According to the Russian Federation President Decree of 13.05.2017 № 208, Russian Federation Economic Security Strategy was approved up to 2030. That Strategy is to oppose to economic security threats, to prevent any slump in resource and raw materials sphere, production sphere, scientific and technological spheres as well as in financial sphere. Also, the Strategy is to avoid decrease in quality of life. Import substitution is one of the main factors of economic security of any state.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call