Russian business is effectively replacing foreign products on the domestic market under sanctions. Russian President Vladimir Putin spoke about this during a meeting with members of the government via videoconference. TASS.
According to him, domestic companies successfully develop new areas of work and often act more efficiently than foreign partners.
Putin noted that previously foreign manufacturers supplied Russia with relatively cheap industrial products. Now Russian entrepreneurs are actively filling the emerging niches and developing their own production.
Before that, more than half (53%) of Russian industrial enterprises declare about the lack of domestic suppliers to replace imported equipment and components. Despite the improvement in indicators compared to 2022, when there are 62% of such companies, the situation remains difficult.
Putin before stated On the importance of lithium mining for import substitution.
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Source: Gazeta
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