17:52 GMT +316 July 2018
Listen Live
    Russian President Vladimir Putin

    Putin Tasks Defense Industry to Intensify Import Substitution

    © Sputnik / Alexei Druzhinin
    Russia
    Get short URL
    1154

    The process of import substitution in the defense area must be intensified, Russian President Vladimir Putin said on Friday.

    MOSCOW (Sputnik) — Putin reminded that the realization of the program began a year and a half ago and the production of many components had been successfully established.

    "However, problems still persist with a number of important components, details and parts. It is necessary to expand their production more quickly, or at least to look for alternative suppliers. But I am sure our defense industry is able to cope and will certainly cope with the task," the president said addressing a meeting at the National Defense Management Center.

    Putin added that the substitution in the defense area would positively affect the civilian production spheres.

    Import substitution in Russia's economy was intensified in mid-2014, after the West imposed several rounds of sanctions against Moscow, citing its alleged involvement in the Ukraine conflict.

    Related:

    Italian Ambassador Sounds Off on Russian-Made Cheese
    Moscow, Minsk Boost Development of Unified Industrial Policy – Putin
    Russia to Replace US Soybean Imports With Deliveries From Latin America
    'De Facto Ally': Russia's Ties With China Set to Strengthen in 2016
    Two Reasons Why Russia Will Take Advantage of Falling Ruble
    Tags:
    import substitution, Vladimir Putin, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment