THE NEED OF IMPORT SUBSTITUTION FOR MODERN RUSSIAN ECONOMY

Abstract

The author suggests that import substitution is not a list of current actions that can within the shortest period
of time drive foreign goods out of the Russian market, but a long-term accurately formulated strategy of
development of national economy. System problems which involve a high share of import to the Russian Federation
are considered in the paper. It’s analyzed how it interferes with development of branches of the Russian
economy. To cover the question fully the author considers the experience of development of import substitution
strategies using the example of other countries. The analyzed theoretical aspects show a key role of import
substitution for strengthening of economic independence and the increase of economic security of the state,
which is essential in the light of recent events in the international arena. On the basis of the analysis on used
sources the author compares development of the modern Russian economy and the economy of the USSR regarding import and goods of own production in some industries. The significance of import substitution for the defense industry and a question of military safety of the Russian Federation as one of the most actual today are

covered. Based on data of Russian researchers, the paper considers an issue of borrowing electronic equipment of
import production by the Russian military technology, which can become a serious problem of the military safety
of the Russian Federation. Analyzing the modern pharmacological market of the Russian Federation, the author
demonstrates what volume of the capital is taken out abroad at the expense of a big share of import goods in this
market. The efficiency of investments into a system of professional education and future work of experts in foreign
companies is analyzed.