What is import substitution policy in Russia's energy sector?

Import substitution policy in the Russia’s energy sector. The central idea of Russia’s energy policy is the transition from resource-raw material to resource-innovative development of the energy sector based on the full use of domestic potential through the formation of technological chains with their saturation with innovative technologies.

Does Russia need a monitoring system for import substitution?

The organization of a monitoring system in the field of import substitution in Russia should become an important part of the relevant policy, especially under the conditions of unprecedented foreign economic restrictions on the import of technologies and equipment. Import substitution policy in the Russia’s energy sector.

Does Russia rely on imported equipment?

Our analysis has shown that assessments of Russia’s dependence on imported equipment differ significantly both in official documents and in expert publications.

How much energy will Russia supply by 2035?

It is predicted that by 2035 Russian industry will supply up to 70–80% of the products range that energy sector needs. After the tightening of the sanctions regime in 2022, Russia actually remained cut off from foreign markets in terms of a wide range of imported technologies, equipment, materials, components, and software.

Should Russia form import-independent systems?

Based on the current geopolitical realities, it is advisable for Russia to form import-independent systems that ensure the economic security of the country (military-industrial complex, agriculture, fuel and energy supply, transport, communications, healthcare) [ 19 ].

What are the three import substitution strategies for Russia?

The authors distinguish three import substitution strategies: internally oriented, externally oriented and mixed strategies. For Russia, it is proposed to use a mixed strategy that combines import substitution in the domestic market with the export expansion of competitive industries [ 17, 18 ].