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Date: 4 weeks ago   Category: Politics

Manturov: Russia is engaged in import substitution regardless of sanctions


Denis Manturov.
On Monday, August 27, the first package of restrictive measures of the USA meaning a total ban on delivery of arms and production of dual purpose to Russia Denis Manturov has come into force. Photo: Donat by Sorokin/TASS It is updated in 14:01rossiya actively is engaged in import substitution regardless of sanctions, the Minister of Industry and Trade of the Russian Federation Denis Manturov has reported in an interview of RIA Novosti. "As for radio electronics, we are under restrictions already many years if not to tell decades. We buy that production which can't be replaced suddenly in the open market" — the agency cites words of the Minister of Industry and Trade. On Monday, August 27, the new, "chemical" sanctions of the USA meaning a total ban on delivery of arms and production of dual purpose to Russia have come into force. Earlier Manturov said that he will lock for export of electronic devices and accessories of dual purpose will mention some branches of the Russian economy, but isn't critical. Whether really sanctions almost affect Russia? The director of the Center of macroeconomic researches of the Financial university Evgeny Balatskiy:evgeny Balatsky the Doctor of Economics answers, the director of the Center of macroeconomic researches of the Financial university "The truth is somewhere in the middle. Experience shows that sanctions such aren't fatal. The example of Iran well speaks about it because he has made actually scientific and technological break, being under sanctions. It was extremely difficult to make to Iran it. Actually the blow has had on many branches, they somersaulted very seriously somehow to compensate these sanctions. Actually now the same problem costs for Russia. It is possible to compensate these sanctions, but it is very difficult. How can it be painless? We see that the course floats, it is classical option. We see that pension reform begins to be studied. All this actually consequences of sanctions, a stock of economy decreases. As for electronics, it is possible to replace what to us isn't sold by the USA. It is possible to use partly during some time Asia, but import substitution assumes creation of the base with which everything is very bad. Until the simplest computers or gadgets of domestic production are made, to speak about import substitution, about some success in purchase of details is simply useless. It just patching of holes". Whether it is mentioned new sanctions, in particular a total ban for deliveries of dual-use technologies, the Russian oil industry? It is known that the most advanced technologies in this sphere belong to the USA. Risks for the Russian power are how high? The deputy CEO for investments of IK "Univer-Capital" Dmitry Aleksandrov:dmitry Alexandrov the deputy CEO for investments of IK "Univer Capital" "Comments even if under restrictions new technologies have got, then, in principle, already actually since 2014 very many sensitive technologies were under a ban. Some I tortured

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