Russia is preparing to roll out a national initiative titled Efficient and Competitive Economy, with plans outlined for the near future. A deputy prime minister candidate outlined the move during a session of the State Duma Energy Committee, as reported by TASS. The statement signals a strategic shift toward a growth model driven by increased supply, aiming to reinforce the country’s economic foundations and enhance resilience across sectors.
The speaker explained that the new national project will anchor Russia’s broader development strategy by prioritizing supply-side expansion. The core idea is to create an environment where production scales to meet domestic demand while sustaining export opportunities. In practical terms, this involves channeling investments and reforms into industries that influence productivity, competitiveness, and long-term prosperity for both businesses and households.
According to the official, the forthcoming project is designed to address several interlinked objectives. Among them is ensuring the reliability and quality of energy resources available to the home market, while simultaneously tapping into the country’s export potential. These dual aims are viewed as essential to maintaining steady industrial growth and to supporting a diverse, dynamic economy capable of withstanding external shocks.
Further remarks emphasized the importance of product quality and manufacturing standards. By elevating the competitiveness of domestic goods, the initiative seeks to boost domestic enterprises and safeguard the well-being of the population. This broader focus on value creation is framed as a pathway to stronger employment, more resilient industries, and a higher standard of living for citizens across the federation.
In parallel discussions, Deputy Prime Minister Dmitry Chernyshenko spoke about establishing a regulatory haven that would attract both domestic and foreign companies. Such a framework, he suggested, could simplify compliance while preserving essential safeguards, ultimately fostering a more attractive climate for investment and innovation within Russia’s borders.
Separately, the president has announced a separate emphasis on launching a new Data Economy project. This initiative aims to modernize information infrastructure, boost digital capabilities, and unlock new efficiencies across sectors by leveraging data-driven insights and scalable technologies. Taken together with the Efficient and Competitive Economy plan, these initiatives illustrate a comprehensive push to align Russia’s economic policy with contemporary global trends while preserving national interests and social stability.