Government Commission on Import Substitution established recently

14th August 2015

Following the meeting of the Government of the Russian Federation, which was held on 4 August 2015 it was decided to establish the Government Commission on Import Substitution.

According to the website of the Russian Government, the decision stemmed from the current economic situation and foreign policy and is aimed at coordinating the activities of federal and regional executive bodies, local governments and organizations in implementing government policy on import substitution.

Prime Minister Dmitry Medvedev signed a decree of the Government of the Russian Federation dated 4 August 2015 №785 “On the establishment of the Government Commission on Import Substitution”. Also, Dmitry Medvedev signed an executive order of the Government of the Russian Federation dated 4 August 2015 № 1492-p, which contains a structure of the Commission.

The Commission consists of two sub-commissions: on the civilian economy and on the defense industry.

It is chaired by Prime Minister Dmitry Medvedev. Arkady Dvorkovich and Dmitry Rogozin have been appointed deputy chairmen of the Commission, and chairmen of the civilian economy and the defense industry sub-commissions, respectively.

“Import substitution at the moment is one of the key areas of government activities and it was decided that this work should be more systematic so the separate commission on import substitution should be created” – Dmitry Medvedev previously commented on the idea of establishing the commission.

We are not interested just in the replacement of good-quality foreign goods by second-rate Russian goods. The focus should be only on creating competitive products – not only for Russian market, but for the world market as well” – the Prime Minister set the task. He repeated: “Only such kind of import substitution is needed”.

Source: TASS

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