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The problems of import substitution in Russia arose long ago, even before the introduction of anti-Russian sanctions and counter-sanctions. This is due to the fact, that Russia is an exporting country of raw materials, which led to import dependence on other countries. At present, there is an urgent need to introduce import substitution policies, insufficient amount of equipment and means of production, raw material and its sources, lack of effective infrastructure does not allow Russia to fully provide itself with the necessary food products. It is also important that, for example, there are foreign competitors in the dairy market, who sell their products much cheaper than Russian ones. A good example is Belarus. Recently, Armenia has become an active participant in the market, which exports cheese to Russia. But after all, as you know, if it’s cheaper, then the quality suffers. The volume of falsified products also increases. According to experts, Russian producers will not be able to satisfy the needs of the population in the near future, because it is necessary to increase the milch herd, significantly improve the village infrastructure, purchase the necessary equipment, etc. The volume of investments in this sector should be 200-500 billion rubles. This can not be done in a short time and therefore Russia will still depend on imports of dairy products from Belarus and other countries. Therefore, the Russian Federation needs to take the necessary measures that will enable the state to protect not only dairy, but also other branches of agriculture in Russia, which will immediately affect the quality and income of the country’s population. Fully apply import substitution in Russia will be unprofitable for the economy and will be associated with increased inflation, a decrease in savings, a reduction in investment activity, a deficit in the balance of payments.
Kirillova et al. (Fri,) studied this question.