Deputy Prime Minister Denis Manturov outlined a clear mandate for the Ministry of Industry and Trade of Russia: restore export volumes of industrial products in the coming years and push total exports to 150 billion dollars by 2030. The goal was stated during a cabinet meeting where the emphasis was placed on rebuilding momentum after recent declines in export activity.
Manturov explained that sanctions have temporarily restrained export levels, yet the ministry intends to steadily expand shipments to foreign partners. A key element of this plan is diversifying export flows toward the Asia-Pacific region, the Middle East, Africa, and Latin America, ensuring a broader, more resilient trade network.
Further actions include promoting the establishment of industrial zones for Russian enterprises in promising foreign markets. These zones are meant to support export‑oriented technology projects and accelerate the deployment of advanced production capabilities abroad. The President has previously indicated support for extending important export promotion programs beyond 2024, a move Manturov regards as crucial for enabling large‑scale industrial initiatives to take root in new markets.
Recent developments were also highlighted in relation to ongoing negotiations on restoring grain trade arrangements, signaling that work on stabilizing major commodity flows continues alongside manufacturing export strategies.
Separately, the U.S. Treasury announced additional sanctions measures affecting Russia, a context that the ministry notes will inform but not derail the long-term strategy for diversified exports and industrial growth. The focus remains on building export resilience and expanding Russia’s footprint in global value chains through targeted industrial initiatives and regional partnerships.
In summary, the ministry is pursuing a multi‑tract approach: rebuild export volumes to a substantial target by 2030, broaden geographic reach, create foreign industrial zones, and sustain support programs that strengthen Russia’s industrial leadership despite external pressures. This strategy is framed as essential to maintaining economic stability and advancing technology export leadership on the global stage. [Source attribution: Manturov statements and accompanying government briefings]